Dream Payments wins $6m investment for mobile payments platform

Investment

Mobile payment platform Dream Payments has raised $6 million in funding from Canadian early stage FinTech venture capital and private equity firms.

Institutional investors included Blue Sky Capital, Real Ventures, and Rouge River Capital.

The Dream Payments platform allows merchants of all sizes to use mobile point of sale terminals to accept all forms of payments including magstripe, EMV credit and debit cards, and Apple Pay. It also provides merchants a comprehensive dashboard with sales and inventory reporting, actionable analytics and customer insights. Merchant acquirers can license the platform to provide their end merchants with mobile point of sale and mobile payment processing solutions.

Dream Payments is also opening up its SDK to third party developers.

“Merchants and merchant acquirers of all sizes need affordable, secure, and EMV mobile point of sale terminals and payment processing services,” said Brent Ho-Young, CEO of Dream Payments. “Dream is transforming commerce and the payment process for merchants through mobility. This funding is providing a foundation for us to launch the business and role out our solutions to merchants across North America.”

The company was founded in July 2014, and is led by Brent Ho-Young as CEO, Alex Walker as CFO, Anant Tailor as COO and Long Van as CTO.

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