etherFAX, a Marlboro, NJ-based provider of business-critical fax communications, raised debt funding from Lighter Capital, a Seattle-based investment lender specializing in Revenue-Based Financing for small businesses.
The amount of the deal was not disclosed but Lighter Capital provides $50,000 to $1 million in funding.
The company will use the funds to expand the deployment of its etherFAX Secure Exchange Network (SEN) which is designed for healthcare, financial services and other enterprises.
Founded in 2009 and led by Paul Banco, CEO, etherFAX provides technology that leverages the Internet instead of PSTN networks to manage incoming and outgoing fax communications. removing the need for components such as fax boards, media gateways and FoIP drivers as well as recurring telephony expenses.