P97 Networks – Portage Ventures
Mobile Commerce Platform
P97 Networks Has Received Investment From Portage Ventures
The P97 mobile commerce platform is a cloud-based technology solution that enables retail brands in the convenience mobility and fuel industries to securely connect with their customers through mobile devices, enabling payment and loyalty soutions to create a frictionless customer experience both in-app and in-store. The Company’s proprietary APIs are used by a majority of the retail fuel market in North America, with potential to expand further into the fleet, connected car, and EV charging markets. With expansion into these adjacent verticals, the company is positioning itself as a key player in the emerging digital ecosystem of the transportation industry. Beyond commerce, the platform serves as an engagement engine, where payments are tokenized for security and then tailored to experiences that meet consumers’ needs in unique and personalized ways.
The capital, which will come from the recently launched Portage Capital Solutions strategy, will fuel strategic growth initiatives at P97 that will further establish the company as the leader in payment and loyalty solutions for mobility-focused retailers.
Pharus has been an investor and advisor to P97 for over a decade. We value not only their commitment to P97, but the keen insights they bring with every interaction. The Pharus team helped P97 with the advanced analytics needed to understand our business fundamentals and worked with our team to craft our positioning to investors. Thank you Pharus for your hard work and dedication.Donald FriedenChief Executive Officer