Australia-based PayTech platform DataMesh has reportedly scored $12m in pre-Series A funding from the venture division of National Australia Bank.
Capital was also supplied by existing DataMesh backer Peregrine Group, according to a report from Business News Australia.
DataMesh helps merchants provide a seamless in-store and online experience. Its payment solutions and data analytics give a 360-degree view of customers beyond the initial transaction.
Its Satellite solution claims to be the payment terminal of the future. The android-based service enables all digital payment forms, including QR codes, loyalty cards, fuel cards, and many more.
DataMesh’s Unify solution is a financial switching platform that links to traditional and alternative payment and card types.
DataMesh CEO and founder Mark Nagy told Business News Australia, “We’re pleased with the results of this latest funding round and are looking forward to continuing to scale up our business both locally and globally.
“The fintech revolution has created a seismic shift in the way the financial world operates, so building a solution that provides stability for banks and merchants while continuing to offer choice to customers is extremely rewarding.”
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