Ingo Money Closes Growth Equity Investment

Ingo Money, Inc., a provider of risk management technology supporting non-provisional check deposit and money transfer services with full funds availability in minutes, closed a growth equity investment.

The round – of undisclosed amount – was led by Camden Partners.

Led by Drew Edwards, founder and CEO, Ingo Money has developed the Ingo Good Funds Network, a proprietary remote deposit capture and money movement platform that offers access for identity-verified consumers to their money in minutes and eliminates funding risk for bank issuers to meet systemic consumer cash flow and payments needs.

The company’s solutions include a consumer direct remote deposit capture network delivered through a mobile application and white-label commercial solutions that power bank and AFS delivery across branch, ATM, Kiosk and mobile.
Ingo operates a data center and two risk management centers in north and south Georgia employing over 200 professionals.

The company intends to use the funds to accelerate development and expansion of the Ingo Good Funds Network.

FinSMEs

07/10/2013

Join the discussion