Infinicept, a Denver, CO-based provider of a flexible payments infrastructure platform, raised a new funding round of undisclosed amount.
The round was led by Mastercard and MissionOG.
The company intends to use the funds to expand product innovation, sales and marketing efforts.
Led by co-founders and co-CEOs Deana Rich and Todd Ablowitz, Infinicept allows software companies to get embedded payments via tools and services that simplify everything from underwriting and onboarding to risk monitoring and payouts.
The company has more than 250 software, banking and fintech customers in 25 countries.
Infinicept’s global strategic partnership with Mastercard leverages the reach of Mastercard’s network to power the Payment Facilitator Accelerator program, enabling software companies to become payment facilitators in weeks (rather than months or years). Its co-innovation journey with Mastercard began with participation in the Start Path startup engagement program, where Mastercard provided access to their technology, network, and resources to help the company grow and scale. After identifying a strategic fit, the relationship evolved into an investment opportunity and eventually moved to the commercialization phase.
FinSMEs
19/11/2020