TFG Card Solutions, a Portland, Oregon-based provider of paperless payroll card solutions, secured $1.8m in funding.
The round was led by Mosaik Partners.
The company intends to use the funds to expand sales volume and grow market share.
Led by Rick Holt, CEO, TFG provides payroll debit card solutions for businesses of all sizes to increase direct deposit participation. The service can be integrated with any existing direct deposit system, allowing payroll managers to use existing infrastructure. The company also offers a financial management tool to the unbanked and underbanked population.
TFG currently serves more than 3000 employers through its current client base and services 50,000 cardholders.
FinSMEs
12/06/2014