Zipmark says the investment will be used to hire additional staff for its development team. The New York-based firm develops payment software for businesses to manage administrate invoices and digital cheques. The product was in beta mode until last year, after launching in 2010. The company claims its platform is faster than traditional billing systems and removes the chance of cheques bouncing.
“Zipmark has experienced great adoption over the past few months, and this round of funding will enable us to continue and even increase that growth rate” said Jay Bhattacharya, CEO and co-founder of Zipmark. “Our team has doubled in size and we look forward to beating that growth in the remainder of 2013”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.