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News

Credorax secures USD 40 million

Wednesday 28 August 2013 00:18 CET | News

US-based Credorax, a provider of technology for the processing of online payment transactions and a Financial Institution licensed under the EU Payment Services Directive (PSD), has secured USD 40 million in a new funding round, online media outlet The Business Journals unveils.

The funding round came from equity company FTV Capital and brings Credorax to nearly USD 100 million raised since its founding in 2008.

Credorax provides online payment processing and acquiring bank services to online merchants worldwide. The company is a licensed financial institution and a Visa and MasterCard principal member.

In recent news, Credorax has entered the Japanese market by appointing Mr. Jonathan Epstein as Country Manager and opening an office in Tokyo.


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Keywords: Credorax, FTV Capital, online payments
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce

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