eWise Nabs $14 Million in New Financing
June 13, 2011
eWise, an alternative online payments solutions provider, has closed a $14 million financing round, led by venture capital firm Wellington Partners. The Denver-based company said previous investors also participated in this round, including Balderton Capital, TTV Capital and Patagorang. This funding will enable eWise to accelerate its plans to expand Secure Vault Payments in the U.S. and eWise payo in the U.K., and to unveil a mobile solution, which will be piloted later this year. “eWise is targeting markets which still rely heavily on cash and checks, as well as e-commerce and point-of-sale opportunities with the introduction of its innovative mobile solution,” said Wellington Venture Partner Alexandre Gonthier, who has joined the board of eWise. Secure Vault Payments, an alternative online payment method using ACH transfers, was launched in 2010 by eWise and NACHA, the ACH network regulator in the U.S.