TxVia Raises $15.5M in Series C Financing, Led by Bain Capital Ventures

Funding Rounds

▤ Summary

NEW YORK--(BUSINESS WIRE)--TxVia, Inc., a pioneer in prepaid card processing technology, today announced it has raised $15.5 million in Series C financing, led by new investor, Bain Capital Ventures. The funding follows important milestones for TxVia, including successful large-scale client deployments of the company’s groundbreaking platform-as-a-service (PaaS) delivery model for prepaid card processing. With much of the financial services community moving back to basics, TxVia has been at the forefront of bringing fundamentals to payments processing—such as transparency, simplicity and accountability—and thereby expanding the bounds of stability and flexibility. “We’re pleased to welcome Bain Capital Ventures and New York City Investment Fund as well respected investors and valued partners as we continue to enable the prepaid card industry and set new standards of excellence in processing,” said Anil D. Aggarwal, chairman and CEO of TxVia. Our clients realize significant scalability, reliability, time-to-market, economic, security, transparency and other benefits, overcoming the risks and product and service degradation associated with other processing options.

$ Funding

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Amount $15.5M Total raised
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Date July 23, 2009 Announcement date
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Investors Microsoft Accelerator - Tel Aviv, Partnership Fund for New York City, Primary Venture Partners, Village Ventures, Mozilla Foundation, Bain Capital Ventures, Armilar VP, New York City Investment Fund Lead investors
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Company http://www.txvia.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Anti Piracy

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$250M to $500M