DataMesh, a payments software and data analytics firm, has scored $30m from a Series A funding round led by NAB Ventures.
The two companies will also partner post-funding round to help transform the point-of-sale user experience for NAB business customers.
Also taking part in the round were Deutsche Bank and 1835i Ventures, the investment arm of ANZ.
DataMesh’s technology provides merchants with customised payment solutions and data analytics to help streamline in-store and online customer experiences.
DataMesh CEO Mark Nagy said, “This investment is an overwhelming endorsement of the strength of our business model and unique payments solution. We’ve raised this capital despite global economic headwinds which is testament to the quality, confidence, and strength of our business proposition.
“Our solution is the answer to a market that has been under-served for a long time. Our commercial partnerships show that our model for back-end payments, with the ability to drive payments without disrupting the merchant acquiring relationship, is the future of global payments.
“Any bank can now plug in to a fully customisable, all-encompassing platform without extensive internal investment in infrastructure enabling them to meet and exceed the requirements of their merchants’ solutions. For merchants that want to exceed their customer expectation, DMG can provide a seamless technical payment layer without the merchant’s need to change their bank or acquirer.”
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