Beenos records investment in Paynamics

Jul 12, 2016 • Robert Lavine

The online payment platform, founded in 2010, has raised its first external funding, securing an undisclosed amount from e-commerce company Beenos.

Internet and e-commerce group Beenos has supplied an undisclosed amount of series A funding for Philippines-based online payment platform developer Paynamics.

Founded in 2010, Paynamics has built an online payment platform as well as e-commerce services that can be used by large businesses and small to medium-sized enterprises.

The startup will use the capital, which represents its first external funding, for product development and the formation of additional partnerships with online merchants.

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