BlockChyp
Pleasant Grove, US · Founded 2018 · Delaware corporation
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 KleininCo-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.
Competitors · 7
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Zendesk7 shared keywordsThis is Zendesk's internal belonging/diversity and inclusion program page, not a company profile page for an external company. It describes Zendesk's internal culture initiatives and leadership development programs.
Chime5 shared keywordsChime is a US financial technology company offering fee-free checking and savings accounts, debit and credit-builder cards, early access to direct-deposited pay and no-fee overdraft cover. It is not itself a bank: deposits are held through partner banks. Founded in 2012 by Chris Britt and Ryan King, it listed on Nasdaq in June 2025 under the ticker CHYM and serves over 10 million active members.
Chargeflow5 shared keywordsChargeflow provides AI-driven chargeback and dispute resolution automation for eCommerce merchants, SaaS companies, and airlines. The platform automates merchant processes to recover lost revenue from credit card disputes and chargebacks.
Square5 shared keywordsSquare is a financial services platform that provides point-of-sale systems, payment processing, payroll management, and cash flow tools for small and medium-sized businesses. The platform integrates with hundreds of third-party applications to help merchants manage operations across online and offline channels.
Blockchain4 shared keywordsBlockchain.com is a global infrastructure platform for digital assets that provides cryptocurrency trading, DeFi wallet services, and blockchain exploration tools to millions of users worldwide.
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In the news
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.