PayStand, a Santa Cruz, California-based provider of an online payment solution, raised $1m in seed funding.
Backers included Serra Ventures, Cervin Ventures, Central Coast Angels, and TiE LaunchPad.
The company intends to use the funds to build new payment functions and features.
Led by Jeremy Almond, CEO and founder, PayStand provides an online payment solution that enables organizations to accept multiple payment options online, without transaction fees to the merchant. It allows eCash (Bitcoin), eCheck (ACH/Dwolla), and all major credit cards.
Its checkout works with any website, social network, or mobile application.