Citrus banks USD2m for online payment processing

citruspayments

Secured funding for expansion

Citrus Payment Solutions, a Bangalore-based payment processing startup, has raised USD2m in its debut round after receiving investment from Sequoia Capital (reports StrategyEye).  

The funding coincides with the launch of Citrus’ checkout service that it claims will allow transactions to be processed in three to five seconds. Launched in 2011, the company claims to have partnerships with 30 Indian banks includingHDFC BankICICI and State Bank of India. Citrus says the capital will be used to expand its technology teams.

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