ePayRails, a Jacksonville, Fla.-based fintech company, raised $2.45M in Series A funding.
The round was led by Aspire Fund Management, investing $2m with participation from private investors who invested the balance of $450 thousand.
The company intends to use the new round of funding to:
– Further technological development of its Payment Hub,
– Expand Sales and Marketing capabilities, and
– Invest in back-office client support.
Founded in January 2018 and led by Richard Jackman, CEO, ePayRails is a fintech payment as a service provider (PaaS) which make payments smart enabling seamless reconciliation for both the customer and vendor via a secure B2B payments hub.