Micropayments firm Peppercoin has received $8 million in venture funding. The financing round, led by Wall Street Technology Partners, includes previous investor Pod Holding and a large, Boston-based institutional investment adviser; several private individuals returned to participate in the round as well.
The Waltham, Mass-based Peppercoin has been around for a couple of years, and has raised two previous rounds of $1.7 million and $4.25 million.
Also, the company announced that Mark Friedman has been named president and CEO. This is the third CEO for the company in three years of its existence.
Over the past year, Peppercoin has done deals with merchants and financial services firms such as First Data, Chase Merchant Services, and SunTrust Bank.
Related:
– Peppercoin Receives $1.7 Million in Venture Funding, Launches Service
– Peppercoin Changes CEO, With New Round of Funding
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