Tempo Payments raises $4.8M for retail debit transactions
updated
Tempo Payments, a San Mateo, Calif. interoperable retail payment network that clears PIN debit transactions through the ACH payment system, has raised $4.8 million in a continuation of its second round of funding, according to a regulatory filing cited by PE Wire. Backers include Cardinal Venture Capital, Selby Venture Partners and Household Corporation.
Update: Turns out, PE Wire has made a correction, and that Household did not participate. Integral Capital led the deal, PE Wire’s Dan Primack tells us.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












