Spreedly Reports More Than 100 Pct YoY Growth

Payments processor Spreedly said its payments orchestration platform has been used for 172 million revenue transactions in the first quarter of this year, according to a press release emailed to PYMNTS.

The company aims for “secure, agnostic and flexible” operations, the release stated, and the transaction volume represents a growth of over 100 percent compared to the same time last year.

Spreedly’s customers include direct merchants and vertical software platforms that aid businesses in accepting digital payments online, according to the release. These companies have been moving over the past year toward digital payments.

Online ordering payments volume increased rapidly during 2020 amid the pandemic, and those numbers have continued to grow in 2021, the release stated.

Industries such as order ahead, digital goods and health and fitness have been bolstered by the new focus on online business, with customers looking for seamless and digital-friendly experiences, according to the release.

“While we’ve always been proud of our role in enabling an open, agnostic payment ecosystem that results in more inclusive and fairer outcomes, this last year has felt different,” said Spreedly CEO Justin Benson in the release. “We know that Spreedly is helping make a difference day-to-day and week-to-week across the globe. To be growing at 100 percent at this stage of our evolution further highlights all the hard work our teams do every day and the need to continually invest and scale to support the industry’s increasing need for payments orchestration.”

Earlier this month, Spreedly rolled out a new set of professional services offerings to help partners get the best of its payment solutions.

The new services include ways for companies to rapidly import and export existing card data, along with tools for building and customizing integrations, including adding new cards, payment service providers and custom gateways.

There are other offerings available, including systems and technology implementations, training sessions and workshops. Those are meant both for short-term revenue and long-term return on investment (ROI) and customer relations.