Tech Company Financing Transactions
CardX Funding Round
CardX, based in Chicago, secured $2.1 million from NXGEN and private investors.
Transaction Overview
Company Name
Announced On
10/25/2017
Transaction Type
Venture Equity
Amount
$2,100,000
Round
Undisclosed
Investors
NXGEN (Lead Investor) (Thomas Nitopi)
Proceeds Purpose
With this additional funding, CardX will launch a direct sales channel for the first time, hiring new team members and building resources to complement its proven sales partner channel.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
401 N. Michigan Ave. 1610
Chicago, IL 60611
USA
Chicago, IL 60611
USA
Phone
Website
Email Address
Overview
Innovation at the intersection of technology and compliance. By passing on the credit card fee and enabling the customer to choose a lower-cost payment option, CardX creates cost transparency and equips customers to 'comparison shop' among payment types. This applies competitive pressure to the prices charged by credit card companies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jonathan Razi
Chief Operating Officer
Michael Tomko
Chief Technical Officer
David Price
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Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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