QSecure raises $5m in series c financing
QSecure, Inc. an innovator in payment card authentication solutions announced that it has closed a Series C Preferred Stock financing round totaling $5 million.
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The financing was led by QSecure's existing investors which include Allegis Capital, Worldview Technology Partners, Société Générale and UMC Capital. QSecure's external Board of Directors remains the same consisting of Jean-Louis Gassée, a Partner at Allegis Capital, Peter Goettner, a Partner at Worldview Technology Partners, and Frank Lee from UMC Capital.
The proceeds from the financing will be used to complete development of QSecure's patented payment card security and authentication solutions, and support customer pilot and rollout programs.