Electronic Payments Raises $5M in Debt Financing

Electronic Payments, Inc., a Calverton, NY-based provider of payment solutions, raised $5m in debt financing.

Super G Funding provided the funds.

The company intends to use the proceeds to grow operations, ramp up its Clover™ Placement Program and conduct other strategic initiatives.

Led by Michael Nardy, CEO, Electronic Payments is a payment and transaction processing company enabling businesses in all industry types to process all major credit cards, debit/ATM cards, fleet cards, gift and loyalty cards, and EBT state and government cards through any processing system.

The company currently has over 750 new merchants and over 80 employees.

FinSMEs

03/09/2015

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