Boston – Paydiant, the Boston-based provider of a cloud-based, mobile payment and offer redemption platform, announced on Tuesday it has raised $12 million in its second round of venture capital, which was led by led by Stage 1 Ventures.
Paydiant’s technology allows merchants, banks, and payment processors to deploy and manage their own mobile payment, offer management and redemptions under their own brand.
The company raised $7.6 million in its first round of venture capital in February 2011. Other investors in Paydiant include North Bridge Venture Partners and General Catalyst Partners.
This article was also published in New England Tech Wire.
Paydiant – http://www.paydiant.com
Paydiant – press release