PaymentsCardX Secures $2M in Growth Capital with Pace Financial Group

PRNewswire PRNewswire2 months ago1103 min

CardX, a payment technology company, announced Monday that the company secured an additional $2,000,000.00 in growth financing through Pace Financial Group, bringing CardX’s total capital raised to date to $8.62M.

Founded in 2013, CardX is led by Founder and CEO Jonathan Razi and COO Michael Tomko, both graduates of Harvard Law School. The company is a significant innovator in technology-enabled compliance for credit card surcharging.

“The CardX team has built a great company with incredible potential for continued growth. They have an excellent track record and we are very pleased to participate in funding their next stage of expansion,” said John Carr, Managing Director of Pace Financial Group. “Our prior relationship and comfort with Michael Tomko and the CardX leadership team helped facilitate the transaction,” added Mike Wagner, Vice President of Pace Financial Group.

This round of non-dilutive capital will advance the ongoing development of CardX’s next-generation digital products and accelerate hiring within the company’s recently-expanded Chicago headquarters.

Michael Tomko, who spearheaded the financing as CardX COO, noted, “This funding will allow us to continue the remarkable success CardX has seen in 2019 and deliver on our exciting pipeline for new product and marketing. We have the perfect capital partner in Pace and look forward to working with them for years to come.”



Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech has redefined the banking and financial services to the next level. With the regular emerging trends surrounding the fintech arena, it gets difficult for CFO’s and tech-finance people to keep a hold onto the latest trends along with the added complexity of deciding what helps and what not. This is where we emerged for a solution. We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it our press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the most apt trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way.

FintecBuzz, 2019 © All Rights Reserved