Swipely bags USD12m for mobile payments

Secured funding

Swipely, a Rhode Island-based mobile payment platform, has received USD12m in a Series B funding round led by Shasta Ventures with participation from existing investors First Round CapitalGreylock Partners and Index Ventures.

Swipely, which launched in 2009, claims to manage over USD700m per year in sales for companies in 130 cities across the US. Swipely will use the new funding to expand its network of US merchants.  

“Swipely replaces legacy merchant payment and marketing approaches with a powerful online operating system for local commerce to make smarter, faster business decisions,” said Angus Davis, founder and CEO of Swipely. “We empower hundreds — and soon thousands — of leading small businesses with actionable insights to help them succeed and grow.” 

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