eWise, a global provider of online payments and online financial management solutions, has completed a $12.1 funding round.
The funds will be used to accelerate the US rollout of its Secure Vault Payments (SVP), an Online Banking ePayments network (OBeP)* sponsored and governed by the Electronic Payments Association (NACHA), the launch of an OBeP network in the UK, and expansion of the online Personal Financial Management (PFM) division in the UK, China and Asia Pacific.
The round was led by Balderton Capital, with participation from Atlanta-based Total Technology Ventures, Patagorang, led by Mr. Roger Allen and Mr. Stanley S. Shuman of Allen and Co.
In conjunction with the funding, Dharmash Mistry, partner at Balderton, has joined the board of eWise.
Except OBeP networks, whcih enable consumers to make private and secure payments for goods and services online, eWise also provides other solutions to the banking sector including an online PFM system that brings all the accounts held by one person onto a single screen, with analytics and financial management tools, that can be accessed by a single user ID.
eWise operates in the US, (with offices in Denver, CO), UK (Reading) China (Shenzhen) and Australia (North Sydney). Clients include Citibank and First Direct (part of HSBC) in the UK, Ping An in China and Westpac in Australia.