Blispay, a Baltimore-based fintech startup, raised $12.75m in seed funding.
The round was led by FirstMark Capital, with participation from Accomplice, New Enterprise Associates and TriplePoint Capital.
The company will use the funds to launch its first products.
Co-founded by Greg Lisiewski, Blispay is to launch a tool for small and medium sized merchants to provide financing without any technical integration or financial obligation to allow their customers to buy more of what they want and increase their purchasing power.
Its credit card offers “No Payments No Interest” on all purchases over $199 if paid in full in 6 months everywhere Visa® cards are accepted. Interest will be charged to the customer’s account from the posting date if the purchase balance is not paid in full in six months.
Blispay also gives 2% Cash Back on all purchases via an automatic statement credit each statement period.