ByPass scores USD3.5m for remote payments in stadiums

Cloud-based payment system

ByPass, a cloud-based payment system for stadiums and entertainment venues, has raised USD3.5m in Series A round co-led by eBay and AEG. Investment also came from a number team and venue owners who participated as angel investors. The Austin-based company provides cloud-connected point-of-sales-systems which allow users to buy food, drinks and merchandise remotely and have it delivered to their seat, reducing long queues at events.

The SaaS firm saves all the information on the cloud, allowing venue owners to analyse buying habits of fans. ByPass has already secured partnerships with venues in most major US sporting leagues and says it will use the funding to expand on its 200,000 point of sales systems currently in use.   

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