Credorax Receives Investment from Blumberg Capital

Credorax, a Southborough, MA-based provider of innovative technology for the processing of online payment transactions, announced today that it has received an investment of undisclosed amount from Blumberg Capital.

The company intends to use the proceeds from the investment for business growth and the introduction of its e-Power platform, a Unified Transaction Processing & Acquiring Banking platform designed to provide online merchants with end-to-end services to assist them to grow their businesses.

Led by CEO and founder Benjamin Nachman, Credorax offers online payment processing & acquiring bank services to a diverse range of online merchants, worldwide.

The company, which is a licensed financial institution and a Visa and MasterCard principal member, operates offices in Pieta, Malta; Tel Aviv, Israel; and Toronto, Ontario, Canada.



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