25 September 2017
Find out more

Peppercoin secures $10m in second round funding

02 November 2005  |  4759 views  |  0 cash - dollars - lots of

US micropayments company Peppercoin has secured $10 million in a second institutional round of funding led by venture capital firm Wall Street Technology Partners and including previous investor Pod Holding.

Peppercoin says an additional $2 million was contributed by payments industry investors Total Technology Ventures.

The vendor says a Boston-based institutional investment adviser and several private individuals returned to participate in the round as well.

The new funding comes on the heels of $8 million the company received from a previous round of financing held in August.

Mark Friedman, president and CEO of Peppercoin, says the new investment is substantial and timely.

"Financial institutions and their merchant customers are recognising the benefits of a blend of pre-paid, subscription, pay-as-you-go and post-paid payments offerings for growing businesses in the physical and online world," he adds.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Peppercoin secures $8m funding

Peppercoin secures $8m funding

17 August 2005  |  5977 views  |  0 comments
Peppercoin and SunTrust ink micropayments deal

Peppercoin and SunTrust ink micropayments deal

22 February 2005  |  5204 views  |  0 comments
Chase to market Peppercoin's small value payments suite

Chase to market Peppercoin's small value payments suite

10 January 2005  |  4525 views  |  0 comments
Digital content fuels surge in micropayments

Digital content fuels surge in micropayments

05 October 2004  |  5016 views  |  0 comments
US micropayments market to increase 23% to $11.5bn by 2009

US micropayments market to increase 23% to $11.5bn by 2009

02 August 2004  |  5916 views  |  0 comments
Peppercoin positions for micropayments boom

Peppercoin positions for micropayments boom

18 November 2003  |  5983 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.sibos.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13762 views comments | 29 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10548 views comments | 14 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8739 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8704 views comments | 19 tweets | 27 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8456 views comments | 1 tweets | 2 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job