What is Magic Wrighter?
Magic Wrighter Inc. is a seasoned player in the financial technology sector, specializing in innovative payment processing solutions. Their SWIVEL Pay platform facilitates both ACH and card payments, offering a suite of services including ACH Direct, A2A On-Demand Transfers, and Remote Deposit Capture. With a legacy spanning over four decades, the company has established a robust client base of more than 1,000 banks, credit unions, and fintech firms. As Magic Wrighter prepares to transition select products to SWIVEL in 2026, their core mission remains focused on delivering enhanced efficiency and value to their extensive clientele.
How much funding has Magic Wrighter raised?
Magic Wrighter has raised a total of $1.3M across 2 funding rounds:
Debt
$350K
Debt
$921K
Debt (2020): $350K with participation from PPP
Debt (2021): $921K led by PPP
What's next for Magic Wrighter?
The substantial enterprise-level funding and recent strategic investment signal a strong confidence in Magic Wrighter's market position and future growth trajectory. This capital infusion is expected to fuel further development of their payment processing technologies and potentially accelerate the transition to the SWIVEL platform. The company's long-standing experience and established relationships within the financial institution and fintech communities provide a solid foundation for continued expansion and innovation in the competitive payment solutions arena.
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