Traxpay, a Mountain View, California-based business-to-business (B2B) real-time payment provider, has raised $4m in funding.
The round was led by Earlybird Venture Capital.
The company intends to use the funding to expand in Europe, and in the United States (in Q3 2012).
Led by newly appointed CEO John Bruggeman, Traxpay provides an enterprise-class solution – which has been developed in partnership with Accenture – for sending and receiving payments across a supplier and/or customer network
The company has R&D operations in Cologne, Germany.