Payments provider eWise Group Inc. said Tuesday that it has raised $14 million in venture-capital money that it will use to help finance its expansion in the United States and the United Kingdom.
The company, which recently relocated its headquarters from Sydney, Australia, to Denver, develops a payments technology, called Secure Vault Payment, that lets users automatically deduct payments from their bank accounts without disclosing their personal information to online merchants.
The company had previously raised $12 million in financing and said in a news release that the latest round of funding, led by the European venture firm Wellington Partners, will help it "accelerate its plans to transform the payments landscape." The funds will also be used to help it introduce a "mobile solution," which it intends to unveil later this year.
Aside from Wellington, the other investors were Balderton Capital of London, TTV Capital of Atlanta and Patagorang Holdings of Sydney. All three had previously invested in eWise.
