eWise, the global online payments provider, has closed a $14m funding round led by venture capital firm Wellington Partners.
The round, which also saw investment from Balderton Capital, TTV Capital and Patagorang, has more than doubled the total amount of money invested in eWise since its formation in 2000.
Already a market leader in the development of high-volume solutions for ePayment and financial management, eWise currently has offices in the UK, US, China and Australia, and will use the new funding to continue global expansion, bringing online banking payments to new markets.
The funding will also enable eWise to expand its Secure Vault Payments (a way to shop without revealing financial details) network in the UK and USA and roll-out a new online payments service, dubbed eWise payo.
Alex Grinberg, chief executive of eWise, said: “eWise is really taking off as we continue to aggressively grow the network while investing in delivery of an outstanding user experience – focused on speed, simplicity and security.
“We already have significant financial institution traction with Secure Vault Payments and eWise payo, which are embraced by the industry as bank-friendly alternative payment systems that link consumers directly to their financial institutions.”
Dharmash Mistry, partner at Balderton Capital, said: “eWise has a simple yet disruptive proposition – pay online or on mobile through your bank account – which is faster and safer for consumers, more profitable for banks and merchants, and underpinned by great technology.
“Alex Grinberg and his team are rapidly transforming the way people around the world make payments, and we are very pleased to deepen our involvement with this exciting company.”