Tuesday, July 28, 2009

TxVia raises $15.5 Million in Series C Financing

According to this article in SiliconIndia prepaid card processing company TxVia has raised $15.5 million in series C financing which was led by Bain Capital Ventures and other investors.

Anil D. Aggarwal, Chairman and CEO of TxVia mentions, "We continue to enable the prepaid card industry and set new standards of excellence in processing."

TxVia deploys a PaaS approach to prepaid card processing that comes complete with application development, data storage, and other tools. It will be interesting to see how this investment will improve on their technology.

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