News

eWise secures USD 14 million in funding round

Wednesday 8 June 2011 13:41 CET | News

US-based provider of online payments and online financial management services eWise has raised USD 14 million in financing round from venture capital firm Wellington Partners.

Following the new influx of capital, eWise plans to expand Secure Vault Payments in the US and eWise payo in the UK. The company also intends to bring its online banking electronic payments (OBeP) to new markets. Furthermore, eWise intends to launch a mobile service this year.
Previous investors have also participated in this funding round, including venture capital firms Balderton Capital, TTV Capital and Patagorang.

eWise Secure Vault Payments enables consumers to make payments for purchases and bill payments via their financial institutions’ online banking platforms, using the ACH network and eWise’s online banking e-Payments technology. The online payments network allows consumers to carry out online transactions without sharing personal account details with merchants.

In recent news, eWise has transferred its corporate headquarters from Australia to Colorado and has incorporated in the US under the name eWise Group.


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Keywords: eWise, Wellington Partners, funding round, online payment
Categories: Payments & Commerce
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Countries: World
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