Investors in prepaid card processor eCommLink Inc. have provided $10 million in additional funding to support the company's continuing and international growth plans.
Syntek Capital AG, a German investment holding company, is eCommLink's lead investor. "No longer a start-up, eCommLink now has the right people, technology and focus to capitalize on its position in the prepaid market both here and abroad," Ennio Ponzetto, eCommLink's chief executive, said in a press release issued last week.
In November 2008, eCommLink announced an agreement with Monitise Americas LLC to offer mobile banking services to prepaid cardholders, part of a strategy to make the processor more competitive globally.
