App55 Ltd, a Manchester, UK-based mobile payment provider, has secured an investment from The North West Fund for Venture Capital, managed by EV.
The company intends to use the funding to develop and market its solutions.
Launched in 2011 by CEO Richard Beaton, App55 provides Card Hub, a plug-in which enables merchants to convert browsing into sales by letting customers pay with their password from any smartphone, tablet or computer. It can also handle e-invoicing, subscriptions and payment by instalments.
The company has also appointed Chris Hall as a non-executive chairman to help guide its expansion plans.
FinSMEs
21/05/2012