Prepaid2Cash Holdings, Inc., a Birmingham, Alabama-based established leader in the gift and prepaid card redemption space, closed a $5.1m Series A financing round.
The round was led by Benson Capital Partners, with participation from Nashville-based Relevance Ventures and Alabama Futures Fund.
The company intends to use the funds to continue to accelerate customer acquisition and the development of its financial technology and feature set and hire engineering, product, and operational talent out of its Birmingham, Alabama headquarters.
Launched in 2016 and led by Peter Vogt, CEO, P2C enables consumers and business clients to convert gift and prepaid cards (Visa, MasterCard, Amex, Discover) into cash. The company’s technology and partnerships allow its users to exchange their cards and receive cash or Bitcoin payment directly to their bank account or crypto wallet within minutes.
FinSMEs
29/07/2021