Apply Financial Raise Additional Funding from Silicon Valley VC
23rd July 2014
Level39 member Apply Financial have raised further funding from True Ventures of Palo Alto.
Apply Financial have previously raised money with True Ventures, and have now secured additional investment from the Silicon Valley-based VC.
The success of the company’s ‘Validate‘ solution has contributed significantly to Applied Financial’s growth. ‘Validate’ enables banks and financial institutions to validate and convert payments. Slicker and safer payments enable the banks to make cost-saving and to increase their levels of customer satisfaction.
Mark Bradbury, CEO of Apply Financial and Level39 mentor who is pictured above on True Venture’s founders page, was very pleased with the latest development, and hinted that more growth is in the pipeline.
“Validate is the only self-service comprehensive payments validation solution to be offered on a global basis. The additional funding from True Ventures will help us build on our successes and add more clients in our target markets of financial and non-financial organisations around the world”
True Ventures are a nine year old a Silicon Valley-based VC that operates four funds and currently had approximately $900 million in capital under management and over 150 companies funded, including WordPress and GigaOM.
For more detail on the story, see Apply Financial’s news page.