University Fancards Raises $1.5M in Second Funding

fancardsUniversity Fancards LLC, a Birmingham, Ala.-based provider of collegiately licensed gift cards and reloadable prepaid cards, raised over $1.5m in second funding.

Harpeth Capital served as financial advisor to University Fancards LLC and, through Harpeth Ventures, participated in the investment.

The company intends to use the funds for the rollout of the reloadable Fancard Prepaid Mastercard® for 15 schools by May of this year, along with entering additional agreements to increase the number of University-branded cards to over 20 by year end.

Co-founded in 2015 by CEO Lynn Boggs, and CMO Greg Boggs, University Fancards provides collegiately licensed gift cards and prepaid reloadable cards by teaming up with some brands in the country, including the Alabama Crimson Tide, Florida Gators, Tennessee Volunteers, Texas Longhorns, etc.




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