Fresh $5M round will help Payline Data debut new tech this year
Summary
Payment solutions provider Payline Data raised $5 million, the company announced today. The round, which included participation from Recurring Capital Partners and other investors, will help fund a new technology Payline plans to introduce later this year. The specialized lender, which offers capital to tech companies with recurring revenue, put up $2 million in the fundraising round. The companys Payline Giving program provides financial contributions and support to various causes like mental health awareness and Alzheimers research. “Our focus is to build world-class solutions for merchants, and to invest and create opportunities for the team,” said Shea to Built In Chicago last year.
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Financial Technology
Payment Processing
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Payline Data
$1M to $5M