CHICAGO, Sept. 29, 2020 /PRNewswire/ -- AeroPay, a
Chicago-based alternative payments
platform, announced today the closing of a seed round to accelerate
its growth. The investment will allow AeroPay to add top-tier
talent, enhance its product capabilities, and continue to scale its
operations throughout the United
States.
The round was led by Continental Investors, also located in
Chicago, a direct private
investment firm leveraging more than 70 years of investing
expertise in financial services and commerce. Continental's
portfolio includes e-commerce marketplace Drizly, publicly-traded
financial technology company Sezzle, online payments provider
WePay, acquired by JPMorgan Chase in 2017, and mobile payments
platform LevelUp, acquired by GrubHub in 2018. Other investors in
the round include previous angel investors and new strategic
investors from the Chicago tech
community and financial services industry.
"We built our platform to simplify the payments process for
owners and operators in all industries and verticals," said
Daniel Muller, CEO & Founder of
AeroPay. "We're extremely excited about the group of investors
we've brought on, specifically the team at Continental Investors,
as their expertise aligns perfectly with the type of company we've
set out to create."
The AeroPay platform eliminates traditional payment processing
burdens, including high costs, slow settlements, and security
issues. It works by enabling seamless bank-to-bank digital payments
between businesses and their customers. The platform is built to
work in any environment, both in-person or online.
"We have a guiding conviction that payments remains an
underinvested and under-innovated category in C2B and B2B
commerce," said Paul M. Purcell,
(Partner) of Continental Investors. "For nearly 15 years,
Continental has successfully invested and partnered with
entrepreneurs pushing innovation in and around financial services
and commerce. We are thrilled to welcome Dan Muller and his team at AeroPay to our
portfolio."
AeroPay has experienced accelerating success in recent months.
In July, the company launched a suite of compliant digital payments
solutions for state legal cannabis businesses. In September, the
company announced a strategic partnership with Safe Harbor Private
Banking (a division of Partner Colorado Credit Union), the leading
compliance-based banking program for cannabis businesses.
To learn more about AeroPay, visit www.aeropay.com.
About AeroPay
AeroPay is a next-generation payments
company, reimagining the way money is moved in exchange for
goods and services. Since its founding, AeroPay has operated
with the goal of simplifying payments for businesses in all
industries and of all sizes. AeroPay's payments solutions are
designed to provide lower costs, faster settlements, and enhanced
security. In 2019, AeroPay was named one of "25 FinTech payment
solutions that make moving money faster, simpler and more secure"
by Built In.
If you would like further information about AeroPay or would
like to schedule an interview, contact:
Alexander Lipnik,
Director of Marketing
Email: 255371@email4pr.com
Phone: 248-217-0282
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SOURCE AeroPay