Online payments startup eWise raises $12.1M

eWise, an online payments and financial management solutions company, has secured $12.1M in funding, it announced today.

The round was led by prominent European tech investor Balderton Capital, and included Total Technology Ventures, Patagorang, and Allen & Co.’s Roger Allen and Stanley S. Shuman.

Founded by Alexander Grinberg, who also heads the company, eWise is headquartered in the United Kingdom, and has expanded its market services to the United States, Australia, and China. Utilizing its new funds, eWise hopes to realize the widespread use of Secure Vault Payments (SVP) in the US.

eWise’s chief concern is to assure security — it says customers should make payments safely and confidently, either through its person to person solution, eWise Pay Anyone, or their its banking e-payments solution, eWise Pay By Account.

eWise’s new board member, Balderton partner Dharmash Mistry, said “In SVP, the compelling yet simple proposition of allowing customers to pay for online purchases through their own bank accounts, we believe that eWise has developed an innovative game-changing payments solution.”

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