Boost Payment Solutions, a New York, NY-based commercial card optimization company, closed a $12m Series B equity and venture debt funding round.
The round was led by Mosaik Partners and North Atlantic Capital.
The company intends to use the funds to raise its profile domestically and internationally across multiple verticals, including healthcare, telecom, freight & logistics, media, transportation, real estate and others and expand its marketing, product, support and business development teams in the U.S. and abroad.
Founded in 2009 by Dean M. Leavitt, CEO, Boost provides an optimization tech platform that makes commercial cards a more cost effective, scalable, secure and business friendly alternative to traditional payment methods.
The company’s service is currently operational in the U.S., Canada, Europe, UAE, Australia, Brazil, and through its previously announced alliance with Mastercard, the Caribbean and other Latin American markets.