When Corduro launched last year, it looked like another mobile payment start-up targeting Square. But after a quiet year, the Google-backed (s goog) company is showing that it's got bigger ambitions as it pursues enterprise customers looking for a combination of Square and online processor Stripe.
Rather than starting with mom and pop stores, Southlake, TX-based Corduro is pushing its sales teams to win over big organizations that want to modernize their payment systems.
Google-backed payment startup Corduro aims for enterprise
When Corduro launched last year, it looked like another mobile payment start-up targeting Square. But after a quiet year, the Google-backed company is showing that it’s got bigger ambitions as it pursues enterprise customers looking for a combination of Square and online processor Stripe.
TechMonitor said:
It appears Google Ventures has pulled their backing from this company.
Further, there is strong indication that the company is in financial straits — unable to cover payroll for their employees, with the addition of several vendors in hot pursuit of financial obligations outstanding since last year.