Deal Announcements

Nexxo Financial Adds New Funding To Coffers

Friday, January 11, 2008 5:57:00 AM PDT | VentureDeal Staff

SAN BRUNO, CA -- E-Commerce company Nexxo Financial Corp. has raised $7.5 million in third round venture capital funding, according to a report in PE Week Wire.

Nexxo allows users to send money over the Internet, the telephone or at Nexxo kiosks,  and is aimed primarily at the Mexican remittance market.

Menlo Ventures and Sutter Hill Ventures invested in the round.  The company did not disclosed how the funding proceeds would be used.

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