Infinicept Raises New Funding Round
Summary
Infinicept, a Denver, CO-based provider of a flexible payments infrastructure platform, raised a new funding round of undisclosed amount. The company intends to use the funds to expand product innovation, sales and marketing efforts. Led by co-founders and co-CEOs Deana Rich and Todd Ablowitz, Infinicept allows software companies to get embedded payments via tools and services that simplify everything from underwriting and onboarding to risk monitoring and payouts. Infinicept’s global strategic partnership with Mastercard leverages the reach of Mastercard’s network to power the Payment Facilitator Accelerator program, enabling software companies to become payment facilitators in weeks (rather than months or years). After identifying a strategic fit, the relationship evolved into an investment opportunity and eventually moved to the commercialization phase.
Funding
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