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FreedomPay Secures $6 Million In Series D Investment

Wednesday, March 14, 2007 6:00:00 AM PDT | VentureDeal Staff

WAYNE, PA -- FreedomPay announced that it has secured a fourth round of funding, totaling $6 million in new investment.

The company has developed a cashless payment system that allows retail store owners to let their customer pay by just waving a Freedom Pay card over a reader, thereby reducing line wait time by up to 65% over cash payment processing.

The round was led by Core Capital Partners, and included participation by Goldman Sachs and BlueRun Ventures.

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