QSecure Inc., a Los Altos, CA-based company working to increase the profitability of financial institutions through innovative new payment card technology solutions, received $10m in Series D funding from Worldview Technology Partners, Allegis Capital, UMC Capital, and Société Générale.
The funds will be used to complete final development and initial pilots of QSecure’s first powered card products, including the SmartStripe card and the Display Card. Proceeds will also be used to continue development of the QSecure powered card platform, which will enable additional products and value-added services to be deployed by payment card issuers and banks.
Commenting on the investment, Pete Goettner, General Partner, Worldview Technology Partners, said: “The capital raised in this round of financing will allow QSecure to begin card deployment at customer sites while continuing to innovate the platform. QSecure is uniquely positioned to be a market leader in this rapidly growing segment”.