Tech
Lunch Payments
A credit card experience for paper check transactions
Santa Monica,
CA
Investment type:
Equity
(SAFE)
Target raise:
$50,000
- $107,000
Minimum investment:
$1,000
$1,000
End date:
Jan 07, 2022
Jan 07, 2022
ended
Share
Highlights
- ?? On-boarded 3 large B2B vendors; processing $400K+ in payments monthly
- ?? Partnerships w/ key accelerators, marketplaces, Equifax give us robust vendor pipeline
- ?? Access to 1,450 vendors w/ $1.7B annual transaction volume thru partners
- ?? More than $3.1T is trapped in receivables at any given time
Our Story
LUNCH is building the payment infrastructure for the offline economy. We combine collections and factoring for businesses in legacy industries dominated by paper check payments. Our platform digitizes offline payments to offer a credit card experience for paper check transactions.
Our Ambition
Lunch's roadmap evolves methodically with each phase, building the data, revenue and insights to grow our offerings. We would like to achieve the following objectives over the next few years: first, build transaction volume and leverage data to factor lowest rates. Then repeat our playbook in adjacent industries and eventually, become the industry clearinghouse. These projections are not guaranteed.