Paydiant Calls Up $7.6M

Boston-based mobile payment start-up Paydiant has raised $7.6 million in a Series A financing led by North Bridge Venture Partners and General Catalyst Partners. The company will use the new cash for development, sales and marketing as it plans for a public launch later this year. Jim Moran, a general partner at North Bridge, and John Simon, a managing director at General Catalyst, will join the company’s board.

22 February 2011•3 mins read
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