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PaymentOne Receives $7 Million Venture Capital Funding

Friday, August 21, 2009 5:51:00 AM PDT | VentureDeal Staff

San Jose, California  --  E-Commerce company PaymentOne has garnered $7 million in its second round of institutional venture capital financing.

PaymentOne is an online payment service provider that connect digital merchants and network operators via payment and marketing services.

Investors and around were not disclosed.  The company said that the funding proceeds would be used to expand its product development, organic growth and funding strategic acquisitions.

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