Clover

Clover is building the open, cloud-based point-of-sale platform. They partner with the world's largest payment processors, developers, and hardware manufacturers to bring point-of-sale products to market. They use Android as the client platform, which enables the use of inexpensive devices, both off-the-shelf and purpose-built.



about the company

Founders

Kelvin Zheng was a founding engineer at Bix (acquired by Yahoo!) and built systems at Quovadx, diCarta, and AT&T China. He graduated from Peking University (B.S. Computer Science) and the Chinese Academy of Sciences (M.S. Computer Science).

Founder of Neuron.VC

John was an EIR at Sutter Hill Ventures and a founding engineer at Bix (acquired by Yahoo!). He also built distributed systems at BEA and Sun. He has a B.S. in Computer Science from Brigham Young University.

Clover in the press

Nov. 11, 2016

These are the leading credit card processing companies

Credit card processors are mostly responsible for data transmission and security when you use your card at a store or online to make a purchase. Below, we've outlined the major players in credit card processing and described their major strengths. The service promises acceptance of all kinds of payments (credit cards, debit cards, electronic checks, and gift cards), access to funds on the next business day, and mobile support. Fiserv provides services in account processing, electronic payments processing, check processing, web and mobile banking, and more. Fiserv provides services in account processing, electronic payments processing, check processing, web and mobile banking, and more.

Sept. 12, 2016

First Data debuts contactless card reader that accepts mag stripe, EMV, and NFC payments

With First Data’s contactless reader, customers can tap their smartphone, swipe their debit or credit card, or dip their chip card into the device and be on their way. This may be the company’s first contactless reader, but it’s certainly not alone in the market, as Square rolled its reader out in November. That said, First Data believes it has a leg up on the competition in the contactless card reader space because its device is able to accept all forms of card transactions, while others, like Square’s, can only process EMV and NFC payments. In this case, “a business owner has to switch over to their other reader to accept a mag stripe transaction,” a First Data spokesperson explained to VentureBeat. The company’s new contactless reader is an evolution of that technology and makes it easy for customers of First Data’s 6 million merchants to pay for goods and be on their way.

April 22, 2016

Samsung Pay Partners with Global POS Providers to Accelerate Mobile Payments Adoption

Samsung Pay is the only contactless payment solution that works at over 90 percent of the top 250 retailers and the vast majority of merchants, including small, local businesses. Working with the largest POS makers, Samsung Pay is driving toward the goal of universal merchant acceptance, which is critical to consumer adoption. Samsung Pay uses both Near Field Communication (NFC) and Magnetic Secure Transmission (MST). The announced partnerships will help systematically test and validate the different POS systems in the field to ensure maximum compatibility and universal acceptance for Samsung Pay. “Consumers love Samsung Pay because it is fast, safe, and so widely accepted by merchants everywhere” said Sang Ahn, Chief Commercial Officer Samsung Pay, Inc. “We are excited to be working with our POS partners to accelerate the adoption of mobile payments and bring greater innovation into the marketplace.”

April 19, 2016

Samsung Pay Partners with Global POS Providers to Accelerate Mobile Payments Adoption

SAFE : Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to provide secure payments. : Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to provide secure payments. *Samsung Pay is compatible with select cards, Samsung devices, and leading wireless providers. About Samsung Electronics America, Inc.Headquartered in Ridgefield Park, NJ, Samsung Electronics America, Inc. (SEA), is a recognized innovation leader in consumer electronics design and technology. About Samsung Electronics Co., Ltd.Samsung Electronics Co., Ltd. inspires the world and shapes the future with transformative ideas and technologies.

Dec. 16, 2015

Health tech startup Clover raises $35 million from Sequoia Capital

Health insurance technology startup Clover Health has raised $35 million in Series B financing, the company said Wednesday. Clover's technology-driven approach to health insurance has piqued the interest of some heavyweight investors since its inception two years ago. Clover's pitch is that this can save money for both the patient and the insurance company (i.e. Clover) by identifying potential health risks and filling gaps in care before a health condition results in a hospital admission. Obviously, Clover faces a mountain of competition in the $220 billion health insurance market, primarily from industry stalwarts such as United and Cigna.

Dec. 16, 2015

The Daily Startup: Sequoia Leads $35 Million Round in Clover Health

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Dec. 16, 2015

Clover Health picks up $35 mln Series B

San Francisco-based health insurance startup Clover Health has secured $35 million in Series B funding. PRESS RELEASESAN FRANCISCO — Dec. 16, 2015 — Clover Health, the first and only health insurance company successfully using technology to improve health outcomes, today announced it has partnered with Sequoia and raised $35 million in Series B funding. About Clover HealthClover Health is reinventing the health insurance model by integrating technology into every aspect of its members’ healthcare. We’ve already seen a significant reduction in hospital admissions from this approach and hope to see that trend continue,” said Vivek Garipalli, co-founder and CEO, Clover Health. Sequoia led the round, with partner Michael Dixon joining the Clover Health Board of Directors.

Dec. 16, 2015

Clover Health Partners With Sequoia and Raises $35 Million

SAN FRANCISCO, CA--(Marketwired - December 16, 2015) - Clover Health, the first and only health insurance company successfully using technology to improve health outcomes, today announced it has partnered with Sequoia and raised $35 million in Series B funding. About Clover HealthClover Health is reinventing the health insurance model by integrating technology into every aspect of its members' healthcare. Sequoia led the round, with partner Michael Dixon joining the Clover Health Board of Directors. We've already seen a significant reduction in hospital admissions from this approach and hope to see that trend continue," said Vivek Garipalli, co-founder and CEO, Clover Health. "Medicare Advantage is a natural place to start as it is the health insurance category that most closely resembles more traditional consumer markets.

Dec. 2, 2015

Last Round Of Hackathon Tickets Available, And Announcing The Hackathon Sponsor Prizes

Wonder what APIs you might build on over Hackathon weekend? ZalandoZalando is Europe’s leading online fashion platform – a publicly traded company operating in 15 markets with more than 16 million active customers. Sky challenge you to develop a new recommendations engine that will ensure this never happens again! William HillCompete to win William Hill’s Ultimate Sporting World Tour. EsriWhat is Esri’s ArcGIS Platform?

June 16, 2015

First Data launches Clover Mini for accepting Apple Pay, Android Pay, and other NFC-enabled wallets

The Mini will accept NFC-based payments from mobile wallets like Apple Pay, Android Pay, and even the soon-to-launch Samsung Pay. The advent of the Square dongle in 2010 led into numerous other products like payment terminal Poynt and PayPal’s Here. Point-of-sale terminals are no longer just about a simple transaction, they’re about being the entire backend of a business. First Data had recently acquired Clover, a mobile payments app that allowed users to quickly check out. While it may be hard times for payment terminal providers, this burst of innovation around mobile payments means that more and more merchants are likely to accept mobile payments.

May 12, 2015

Clover Station Takes In-Store Checkouts to the Next Level – TechAcute

Aside from being able to scan conventional barcodes, Clover Station can also accept QR codes via the on-board high-resolution camera. It then spent the next year developing Clover Station, a hardware merchant system that would make an Apple designer envious. App Installation and Infinite CustomizationUnlike some other merchant POS systems, Clover Station is completely customizable with an ever-expanding and constantly updated application marketplace. That said, restaurateurs and other small-to-medium retailers operating in high-traffic environments will find this particular POS system especially useful. Optional Peripherals: Aside from the included cash drawer, business owners may opt to purchase a high-speed receipt printer and handheld barcode scanner.

Nov. 4, 2014

First Data Debuts Clover Mobile, A Wireless, Tablet-Based Point-Of-Sale

Payment processor First Data today introduced a new, more portable point-of-sale system called Clover Mobile at the Money 20/20 conference being held now in Las Vegas. Merchants can order Clover Mobile with Wi-Fi-only support, or with both Wi-Fi and 3G support, depending on their needs. Clover Mobile will allow merchants to place order, take payments, scan inventory, clock in employees, and sync sales data with accounting software, and more. That was also when First Data publicly confirmed that it had quietly acquired the Andreessen Horowitz-backed mobile payments startup Clover. As you may recall, First Data debuted its first Clover-branded point-of-sale system aimed at small to medium-sized businesses in October 2013.

July 30, 2014

First Data Acquires Mobile Gift Card Platform Gyft

Payment technology solution provider First Data has acquired mobile gift card platform Gyft, a previous TechCrunch Disrupt battlefield company which offers a mobile app that lets consumers organize, shop for and send gift cards to others. The move will expand First Data’s gift card footprint and programs and add choice for consumers, the company stated in an announcement out this morning. Following this deal, expected to close next month pending shareholder approval, First Data’s clients, including more than 300 national retail prepaid clients, will have access Gyft. The deal grew out of a partnership between the two companies, Gyft and Clover, which would provide access to digital gift cards to First Data’s SMB clients, the report explained. The company first launched its service in 2012, with its then iOS-only mobile gift card “wallet,” which has since expanded cross-platform to Android and the web, while growing its service to include cards from over 200 retailers.

Oct. 9, 2013

First Data Quietly Buys Payments Startup Clover; Launches Point Of Sale Platform For Merchants

Last year, payments processing giant First Data quietly acquired Andreessen Horowitz-backed mobile payments startup Clover to help the company expand into point of sale for small businesses. Today, First Data is debuting its point of sale platform to small and medium-sized businesses, Clover. The reason for this, he says, is that merchants need a full-fledged POS that includes more than just credit card processing. Clover aims to do for the point of sale what smartphones did for the mobile consumer, by providing a hardware-based platform where businesses can download apps to their countertop. But what First Data brings is its credit card terminal customers, which no other players are able to leverage.