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BlockChyp
Pleasant Grove, US · Founded 2018 · Delaware corporation
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BlockChyp provides payment processing infrastructure supporting debit, credit, EBT, and contactless payments across major card brands, along with terminal-based features like gift cards, surveys, digital contracts, and multi-location dashboards. Its platform includes e-commerce tokenization and a proprietary triple-encryption system for merchants and point-of-sale systems.
Founders & leadership
BlockChyp was founded in 2018 by Jeffrey Payne and Andrew S Klein.
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Jeffrey PayneCo-founder
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Andrew S KleinCo-founder · Director2019–2024Andrew S Klein holds dual professional engineering licenses in chemical and fire protection engineering in Washington State, along with certification as an Energy Manager; he has expertise in building code consulting and energy management for high-hazard facilities.
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Jonathan DeckerNamed on SEC filing
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Martin OlsenNamed on SEC filing
Reported raises · per SEC filings
Form D private placements$3.1M disclosed across 3 rounds · 2018–2022
▶$2.4MraisedAug 2022 · 6 investors · Other TechnologyRule 506(b)
▶$2.4MraisedAug 2022 · 6 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Andrew KleinDirector
- Martin OlsenDirector
- Jeffrey PayneExecutive Officer, Director
- Jonathan DeckerExecutive Officer, Director
- Offering amount
- $3.4M
- Amount sold
- $2.4M
- First sale
- Aug 2022
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$500KraisedSep 2021 · 3 investors · Other TechnologyRule 506(b)
▶$500KraisedSep 2021 · 3 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jeffrey PayneExecutive Officer, Director
- Jonathan DeckerExecutive Officer, Director
- Andrew S KleinDirector
- Martin OlsenDirector
- Offering amount
- $1.2M
- Amount sold
- $500K
- First sale
- Jun 2021
- Incorporated
- Corporation, Washington, 2018
- Federal exemptions
- 06b
▶$200KraisedJul 2018 · 1 investors · Other TechnologyRule 506(b)
▶$200KraisedJul 2018 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jon DeckerExecutive Officer, Director
- Jeffrey PayneDirector
- Offering amount
- $600K
- Amount sold
- $200K
- Minimum investment
- $100K
- First sale
- Jul 2018
- Incorporated
- Corporation, Washington, 2018
- Federal exemptions
- 06b, 04.1
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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Frequently asked questions
- What does BlockChyp do?
- BlockChyp provides payment processing infrastructure supporting debit, credit, EBT, and contactless payments across major card brands, along with terminal-based features like gift cards, surveys, digital contracts, and multi-location dashboards. Its platform includes e-commerce tokenization and a proprietary triple-encryption system for merchants and point-of-sale systems.
- Who founded BlockChyp?
- BlockChyp was founded by Jeffrey Payne, Andrew S Klein in 2018.
- How much funding has BlockChyp raised?
- BlockChyp has disclosed $3.1M raised across 3 rounds.
- Where is BlockChyp headquartered?
- BlockChyp is headquartered in Pleasant Grove, US.