Zipmark, a New York City-based innovative digital check payment platform, completed a $1.5m funding.
Investors included Village Ventures, Contour Venture Partners, NYC Seed, High Peaks Venture Capital, Don Layden, and the New York City Investment Fund.
The company intends to continue to grow its market share within the SMB space as well as to increase the size of its development team.
Launched in 2010 by CEO Jay Bhattacharya and Jake Howerton, Zipmark provides small to midsize businesses with a a proprietary hybrid payment platform and risk management platform to invoice and collect payment. It connects the payer and payee’s accounts so money can be received and available the next business day.