PaymentOne racks up $7M for digital transactions

PaymentOne, a service that brokers digital transactions for online sellers, has brought in $7 million in a second round of equity and debt financing led by AER Investments, according to PE Hub. The San Jose, Calif. company plans to use the new money to continue product development and kick off an acquisition strategy. It says it will look to roll up other services that would add value to their existing suite of payment options.

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Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.

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