Boston – Paydiant, a mobile payments start-up based in
Boston, announced on Tuesday that it has raised $7.6 million in its first round
of funding, led by North Bridge Venture Partners and General Catalyst Partners.
Co-founder Kevin Laracey was previously co-founder and CEO of edocs, an online
billing and payments firm acquired by Siebel Systems (now part of Oracle) in
The company will use the funding to accelerate product development, sales
and marketing efforts for its platform, expected to launch later this year.