Tuesday, July 12, 2016 5:19:00 AM PDT | VentureDeal
Saratoga, California -- Financial technology company PayJoy has secured $18 million in new venture capital investment.
PayJoy offers technology that enables electronics retailers to change upfront purchases into pay-as-you-go monthly installments. The technology locks the electronic device that has been purchased unless a monthly payment has been made. Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds. CEO Doug Ricket founded the company in February 2015.
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