Transforming the payments experience for the age of new mobility
P97 provides a solution to connect the consumer to the forecourt control devices, the dispensers, point of sales systems and CRM networks through a secure mobile and car telemetry communications link specifically designed for the retail fuel convenience stores and marketing oil and refining companies to lower cost and increase convenience. The software and hardware is provided as a hosted service distributed through the oil and refining companies to the gas station retailers. The company is focused on a complex growth segment of car to mobile payment with significant financial and strategic tangible benefits for oil and refinery companies, gas stations and others. This is a space with considerable exit activity at attractive multiples led by a successful team that is exploiting its network and connections from the prior venture.