← Back to search

Pay Swifter

Stripe for Cannabis

Y CombinatorWinter 2020AcquiredFintechBanking and ExchangeFintechB2BRetail

What they do

Problem

Cannabis businesses struggle to accept and manage compliant digital payments and payouts due to industry-specific restrictions and complexities.

Solution

Swifter provides payment software and APIs, including ACH, that enable cannabis companies to accept payments, send payouts, and manage transactions.

Who it's for

Cannabis dispensaries, multi-state operators (MSOs), and cannabis marketplaces use it to process payments and payouts.

Founders

Sowmya Rao
Founder

I started my career working as a securitization lawyer at Clifford Chance, one of the world's largest law firms. I then consulted for the Finance Ministry of India, Google and Uber - steadily transitioning from law to regulatory advisory to strategy. I started Swifter (YCW20) after leaving Uber. We built ACH APIs for a B2C use-case (cannabis) and were acquired by the Shopify for Cannabis - Treez. I spent the last 18 months at Treez as Director-Payments. I'm now looking to build/work in credit.

Company timeline

Similar startups