Details

Last Funding Type

Grant

Last Funding Money Raised

$670K

Industries

Blockchain,Cannabis,E-Commerce,FinTech,Payments,Software

Founded date

Mar 15, 2015

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

Alternate36, Inc.

Alt Thirty Six redefines the cannabis landscape by offering the first and only compliant digital payment solution.

Alt Thirty Six platform is a user-friendly, cost-effective, and fully compliant solution to the cannabis industry’s current reliance on cash and deceptive use of credit cards. The proprietary technology offers the merchant near-real-time settlement of funds while minimizing the risk of fraud. Most importantly, the Alt Thirty Six platform virtually eliminates the high cost, risk, and inefficiencies associated with using all-cash and credit cards.

Aiming to position itself for the long run, Alt Thirty Six has taken a different approach. Rather than circumvent the rules, Alt Thirty Six believes the key to success in this industry can be achieved only through absolute compliance and transparency. Therefore, while others look for a quick way to market, Alt Thirty Six invested the necessary time and capital to build a fully compliant and robust payment platform designed specifically for the cannabis industry.

Through its proprietary technology and established banking relationships, Alt Thirty Six enables cannabis merchants to seamlessly accept electronic payments in-store and online via the ACH network, while simultaneously storing transaction records on the Dash blockchain for record-keeping.