AisleBuyer, LLC, a Boston, MA-based provider of mobile self-checkout solutions, has closed a $4.0m equity and debt financing round.
The line of credit was provided by Silicon Valley Bank.
The company will use the capital to expand at a national level and hire new staff.
Founded in 2009, AisleBuyer is developing a self-checkout app that allows shoppers to scan items in a store, review pricing, access ratings and reviews, and checkout using a secure connection via their smartphone.
Interested users can currently test the app at all Boston-area Magic Beans locations in Brookline, Cambridge, Wellesley and Hingham, Massachusetts. The Magic Beans app, powered by AisleBuyer is available for free download in the iPhone App Store.