The Company

Shift4 Payments, Inc. is a leading American payment processing company headquartered in Allentown, Pennsylvania. Founded in 1999, Shift4 specializes in providing integrated payment processing and technology solutions to over 200,000 businesses across various sectors, including retail, hospitality, leisure, and restaurants. The company’s offerings encompass mobile payment software and hardware, facilitating seamless and secure transactions for its clients.

Financials

TAM / CAGR

The global payment processing solutions market is projected to reach a total addressable market (TAM) of approximately $120 billion by 2025, with an expected compound annual growth rate (CAGR) of around 10% over the next few years.

Products

Product/Service
Payment Processing Services
Point-of-Sale (POS) Systems
E-commerce Solutions
Analytics and Reporting Tools

Customers

Shift4 serves a wide array of customers, primarily focusing on businesses in the following sectors:

• Hospitality: Hotels, resorts, and lodging establishments.
• Restaurants: Quick-service, casual dining, and fine dining establishments.
• Retail: Brick-and-mortar stores and online retailers.
• Entertainment: Stadiums, arenas, and other entertainment venues.

Competitors

In the competitive payment processing industry, Shift4 faces competition from several key players offering similar products and services:

1. Square, Inc.: Provides payment processing, POS systems, and financial services tailored to small and medium-sized businesses.
2. Fiserv, Inc.: Offers payment processing solutions, POS systems, and merchant services to a broad range of industries.
3. Adyen N.V.: Delivers global payment processing services and solutions for online, mobile, and point-of-sale transactions.

Founding History

Shift4 was founded in 1999 by Jared Isaacman, who was just 16 years old at the time. Identifying inefficiencies in the payment processing industry, Isaacman launched the company from his parents’ basement in Far Hills, New Jersey. Initially named United Bank Card, the company rebranded as Harbortouch in 2012 to better reflect its point-of-sale and payment technology offerings. Between 2014 and 2017, the company expanded through multiple acquisitions, including Merchant Services Inc. In 2017, it acquired Shift4 Corporation and rebranded as Shift4 Payments. The company went public on the New York Stock Exchange in June 2020, raising $345 million through its initial public offering.