DigitalPay, a San Francisco, CA-based digital payment provider for businesses to consumers, raised $1.2m in seed funding.
The round was led by Temerity Capital Partners, Fenway Summer Ventures and Leranax LP.
The company intends to use the funds to increase sales efforts, add staff, optimize features, and augment new and differentiated international payment options.
Led by Chris Whipps, CEO, DigitalPay provides an enterprise SaaS digital payments platform. The company primarily services the travel, legal services administrator, consumer rebate, and gig economy (large independent contractor business) verticals. Services to these verticals include rebates, refunds, litigation settlements, and other one-time payments through digital debit cards, PayPal, Amazon, direct debit to bank, and more than 250 premium retailer options.
FinSMEs
18/02/2020