MineralTree Raises $6.3 Million to Accelerate Growth

MineralTree, Inc., maker of the cloud-based, secure payments solution specifically designed for small and medium businesses (SMBs), has received $6.3 million of venture financing. Led by Fidelity Growth Partners India with full participation from initial investor, .406 Ventures, the funding will be used to further enhance the capabilities of the MineralTree platform and to accelerate its partnerships with banks and distribution to their SMB customers.
The MineralTree solution is a secure, cloud-based payment and cash management solution that meets the needs of companies with annual revenue of $500,000 to $50 million. Offered to SMBs as a private labeled solution by MineralTree’s bank partners, the system provides unmatched security, mobility and visibility into the management of B2B (business-to-business) payments, via a secure web browser or iPad application.

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