ArgoPay Inc

ArgoPay offers a virtual credit card that works over a mobile payment network and eliminates credit card processing fees.

  • Stage Prototype Ready
  • Industry Financial Services
  • Location Cambridge, MA, USA
  • Currency USD
  • Founded January 2013
  • Employees 5
  • Website argopay.com

Company Summary

In a credit card transaction, at least 7 middlemen get between a merchant and their money. This outdated system costs merchants 2-5% of transaction amount. ArgoPay eliminates all of these intermediaries when you use ArgoCredit, a virtual credit card issued to the consumer when they download the ArgoPay app. So merchants get 0% processing fee without the need for any additional hardware and consumers earn rewards and get exclusive local deals.

Team

  • Igor Ostrovsky
    Founder & CEO

    Analytics, statistics and business development expert. Built $200 cross-sell business at VistaPrint. 6 years of Risk Management at Capital One. Masters in Statistics from Columbia University.

  • Leigh Turner
    CTO

    Previously Founder/CTO at Infinetics and Valet Software, CTO at Wandrian. 25+ years of software architecture and software development experience; most spent in start-ups.

  • Radhika Dutt
    VP Business Development

    Previously Founder/CEO at Likelii. Previously founded Lobby7, venture backed and acquired by ScanSoft/Nuance. Speaks nine languages. BS & MS in Electrical Engineering from MIT.

  • Igor Ostrovsky

Advisors

  • Mark L. Johnson
    Lawyer
    Unconfirmed
    Peter Roache
    Accountant
    Unconfirmed

Previous Investors

  • Atlas Venture
    Unconfirmed

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