NewComLink Raises $10M in Series B Financing

▤ Summary

NewComLink, an Austin, Texas-based developer of a technology platform that provides retailers with a range of payment products to extend credit to more customers, has raised $10m in a Series B financing. The round was led by StarVest Partners, with participation from Austin Ventures. Co-founded in 2008 by CEO Suneet Paul and President Jim White, the company has built a technology platform that piooners a method to help retailers provide payment solutions at point of need. This solution, which leverages processes and technologies currently in place with retailers (their point-of-sale systems – POS), determines financing alternatives, which clerks present to customers as they make their purchases.

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