Deal Announcements

Payoff Nets New Venture Capital Funding

Friday, June 17, 2016 5:40:00 AM PDT | VentureDeal

Costa Mesa, California  --  Financial services company Payoff has landed $46.7 million in new equity venture capital funding, according to an SEC regulatory filing.

Payoff has devised an online service that helps users improve their financial wellness.

The company provides personalized recommendations based on each person's situation and personality.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

A total of 56 investors participated in the offering.

Payoff is still seeking $18 million in additional equity investment, according to the filing.

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