WaveCrest Group, a global corporate payments provider, raised $14m in Series E funding.
Existing investor Vesuvius Ventures made the investment.
The company intends to use the funds to make new investments in its payments platform.
Led by newly promoted CEO Brent Almeida, WaveCrest provides payment solutions to corporations and governments worldwide, focusing on specialized corporate payments markets and cross-border remittances. Programs include business-to-business payouts, employee, student and taxpayer disbursements, mobile wallets, prepaid cards, lottery payments, pre-defined and custom offerings.
Following the investment, John Racine, will continue as chairman guiding WaveCrest’s various strategic partnership and M&A initiatives.
The company has office in Gibraltar, Coral Springs, FL, Hyderabad, India.
FinSMEs
19/10/2015