Align Commerce, a San Francisco, CA-based global payments provider, closed a $12.5m Series A round of funding.
The round was led by Kleiner Perkins Caufield & Byers with participation from SVB Ventures, Recruit Venture Partners and existing investors Pantera Capital, Digital Currency Group and FS Venture Capital. In conjunction with the funding, KPCB general partner Randy Komisar will join Align Commerce’s Board of Directors.
The company intends to use the funds to accelerate expansion into the international payments industry.
Led by Marwan Forzley, CEO, Align Commerce provides small and medium-sized businesses (SMBs) with a multi-rail cross-border payments solution that combines blockchain, an encrypted, data-driven rail, with traditional bank wire and treasury management rails to pay and get paid in their local currency.
FinSMEs
17/11/2015