Endpoint Payment Solutions, which offers a global payments solution, has closed its pre-seed round on an undisclosed amount.
MJC Partners and NOEMIS Ventures served as the roundâ€™s lead investors.
This capital injection will empower the global payments solution to further the development of its platform. It aims to go live with its first programs in the first quarter of 2023.
Based in California, Endpoint Payment Solutions integrates card issuing and processing capabilities with value-added features, configurable private-label solutions and optimised program management.
Its card issuing platform allows clients to build solutions to their specific needs and go-to-market quickly through turnkey solutions. Some of its features are fronted APIs and SDKs, enhanced security, program management, optimisation, solutions development and more.
Endpoint Payment Solutions CEO Jim Collas said, â€œThe modern payment card market needs a next-generation solutions platform to enable high-quality payment card products that require minimal effort to develop and launch.
â€œEndpointâ€™s objective is to offer innovative prepaid, debit, and credit card programs that give our clients unique competitive advantages in the digital banking industry.â€
In other PayTech news, all-in-one purchasing platform Teampay recently secured $47m for its Series B round. The company supplies commercial card experiences to executives, through a digital corporate card powered by MasterCard.
Another development in the payments space saw TreeCard net â‚¬23m in funding. The FinTech company offers a wooden payment card that plants trees for every $50 spent.
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