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Clover Network funding, valuation and investors
One-tap mobile checkout and payments SDK for apps and mobile web.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Seed/Series A
$5.8M · March 2012
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$5.8M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
acquired
acquired
Investors in latest funding
Other: Andreessen Horowitz
Overview
Clover Network built one-tap mobile checkout and payments SDK for apps and mobile web — sub-five-second checkout flows. a16z and Sutter Hill invested $5.8M in 2012. First Data acquired Clover in December 2012 for ~$56M; the Clover brand later became Fiserv's POS product line.
Why Clover Network is interesting
Clover's sub-five-second mobile checkout caught a16z and Sutter Hill before First Data acquired it in 2012 — the brand later became Fiserv's POS line.
Product & use cases
One-click mobile payments SDK for apps and mobile web — fast checkout integration for developers.
- Mobile app checkout integration
- Mobile web payment flows
- POS expansion (post-Fiserv)
Key facts
- Acquired by First Data (Dec 2012): ~$56.1M; now Fiserv Clover POS line (TechCrunch, Wikipedia)
- Seed/Series A (2012): $5.8M from a16z and Sutter Hill Ventures (TechCrunch)
- Co-investors: no additional institutional investors disclosed in public sources reviewed 2026-07-24
- Source: https://techcrunch.com/2012/03/08/clover-raises-5-8m-from-andreessen-horowitz-launches-as-a-one-click-mobile-payments-platform/
Funding history (newest first)
Investors in our directory
Funds linked from Clover Network's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Clover Network differentiates through focused product scope and a16z-backed GTM in its category — see competitors for tradeoffs vs. incumbents.
Clover Network operates in a competitive category where incumbents have distribution but startups win on workflow fit. See named competitors for honest better/worse notes; we do not invent market share.
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Stripe direct
Payments API incumbent; Clover was mobile-checkout focused pre-acquisition.
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Braintree direct
PayPal-owned mobile payments SDK peer.
Notable stories
- Acquired by First Data (Dec 2012): ~$56.1M; now Fiserv Clover POS line (TechCrunch, Wikipedia)
- Seed/Series A (2012): $5.8M from a16z and Sutter Hill Ventures (TechCrunch)
Industries
Related funding articles
Venture Capital Tracker pieces that cover Clover Network's financing or category context.
FAQs about Clover Network
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