Mpayy completes series b funding round

Source: Mpayy

ECommerce and mobile commerce solution provider, Mpayy announced today that it has closed on its Series B financing.

Financing was led by US Bancorp (NYSE: USB) and included a number of private investors. All participants from the Series A re-invested to maintain or increase positions.

"We are thrilled to have a world-class financial institution like US Bank continue as a partner and welcome the value and experience brought by our private investors," said Conrad Sheehan, Founder & CEO of Mpayy.

Mpayy will use the financing to continue its merchant and personal account growth and to enrich its ecommerce, mobile commerce and widget-based payment services.

"We are very pleased to continue with our role in Mpayy and continue to view it as an attractively positioned player in alternative payments with a compelling and unique value proposition" added Mac McCullough, US Bank Executive Vice President and Mpayy Director.

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