Carsales.com has co-led a funding round for fintech developer PromisePay, which will use the money to expand internationally.
Australia-based fintech company PromisePay has raised A$14m ($10m) in a series A round co-led by automotive marketplace Carsales.com, The Australian reported yesterday.
The round was co-led by Reinventure, a fund backed by financial services firm Westpac, and included venture capital firm Cultivation Capital, and angel investors Mark Harbottle and Andrew Walsh.
PromisePay operates a payments management system for online merchants that includes features such as fraud risk management, chargeback protection, escrow and identity verification.
Carsales will start using PromisePay’s offering…
