IPP of America Raises $2.3M
Published On June 30, 2010 |
IPP of America, a Fairfield, NJ-based provider of retail electronic payment services, raised $2.3m in funding.
The round was led by existing partner Edison Venture Fund, which committed $1.2m, with participation from prior investors.
The proceeds from the financing will be used to expand marketing, sales, products and working capital.
IPP operates a national network of independent neighborhood-based payment centers, including convenience stores, national grocery chains, wireless retailers and financial services centers, that provide electronic payment services to cash paying customers.