Paymynt Financial, a Greater Boston, MA-based financial technology company, raised $1.1M in seed funding.
The backers were not disclosed.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Michael Rosa, CEO, Paymynt Financial mobile commerce application that integrates online shopping, digital banking, peer-to-peer payments, and financial investments into an all-in-one platform.
Once launched, users will be able to download the application at the Apple and Google App Stores. With over 2,000 retail partners, shoppers will earn cashback rewards and MYNTs, a universal digital rewards currency, while shopping at major, name-brand locations.