University Fancards, a Birmingham, Ala.-based provider of collegiately-branded prepaid reloadable cards as well as collegiately-branded gift cards, closed a $2.5m debt and equity funding round.
This round brings total-to-date funding to more than $5.4m.
The company intends to use the funds to accelerate growth.
Led by CEO Lynn Boggs, University Fancards provides collegiately-branded prepaid reloadable cards as well as collegiately-branded gift cards for 22 different universities throughout the country. These cards enable fans to show their loyalty, passion, and enthusiasm for their respective schools. Fancard prepaid reloadable cards can be found online at myfancard.com. Fancard gift cards can be found in major retailers across the country, and will be introduced into several new major big box, grocery, pharmacy, and convenience stores this fall.