BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Blockchain-based payment processor Radpay raises $1.2 million in series seed round

Radpay, a decentralized global payment processing company, announced today that it had raised $1.2 million in its series seed equity financing round. The round reflected a 20% oversubscription and gave the Phoenix-based startup a $10.2 million post-money valuation. Participants included Phoenix-based investment firms Resiliency Ventures and BlockLaunch as well as investors from Silicon Valley, Nebraska, and Arizona.
Radpay was founded in July 2018 and seeks to create a merchant payment solution by combining distributed ledger technology with PCI-compliant card payment infrastructure and mobile devices. The company works with retail merchants, eCommerce merchants, mobile merchants, call centers, and app develops, using its patent-pending card payment solution to help its clients improve their net margins.
“Our company was built on the premise that accepting charge cards need not cripple merchants with high fees and that using charge cards need not saddle consumers with crippling debt,” said Dana Love, Radpay’s co-founder and CEO.
“Since our founding in 2018, we have led the pack in innovating on behalf of e-commerce merchants. This additional capital, along with our extensive industry and customer partnerships, sets us on a course that will bring transparency, innovation, and value to the stagnant payment processing industry,” he added.
The $1.2million round represents Radpay’s first-ever outside funding and is expected to help the company achieve goals for its first clients as it begins testing its service in January 2020. “This funding gives us the runway to deliver new innovation to the payment industry,” said Radpay’s co-founder and CTO Jared Stauffer.

BitRss.com shares this Contents with License.

Thank you for Share!

   
Read the full Article

Read the full Article: Blockchain-based payment processor Radpay raises $1.2 million in series seed round


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News