TxVia, Inc., a New York, NY-based provider of processing solutions for prepaid and emerging payments, closed a $27.5m Series D financing.
The round was led by new investor Oak Investment Partners, with participation from existing institutional investors, including Bain Capital Ventures, Espírito Santo Ventures and Village Ventures. This financing brings the total amount TxVia has raised to date to over $55m.
The funds will be used to expand globally. The company operates offices in Barcelona, Spain, Tamarac, Florida, and Dublin, EIRE.
Through its platform-as-a-service (PaaS), TxVia processes a broad range of prepaid cards, including general purpose reloadable (GPR), gift, incentive, government disbursement, payroll and expense management for leading program managers and issuers, and also offers processing solutions in other areas of emerging payments, including merchant acquiring and payment network enablement.
In conjunction with the funding, Annie Lamont, managing partner, and Tricia Kemp, director, financial services technology, at Oak Investment Partners, have joined company’s board of directors.