Blumberg Capital Invests in Credorax

Blumberg Capital leads an investment round in the Credorax Group, an innovative provider of NextGen Online Payment Solutions.

Sep 19, 2011, 03:00 ET from Credorax

SAN FRANCISCO, Sept. 19, 2011 /PRNewswire/ -- Credorax, a leading provider of next generation technology for the processing of online payment transactions, and a Financial Institution licensed under the EU Payment Services Directive (PSD), announced today that it has received an investment from Blumberg Capital.

The investment by Blumberg Capital is set to support Credorax's rapid business growth and the introduction of its next generation e-Power platform, a Unified Transaction Processing & Acquiring Banking platform built to provide online merchants with value-added, end-to-end services to assist them to grow their businesses.

"The investment in Credorax is part of our strategy to invest and support innovative companies with the potential to lead growing markets. We believe Credorax's unique combination of Acquiring Bank and in-house technology is unparalleled," stated David Blumberg, Managing Partner of Blumberg Capital.

"Blumberg Capital is a great strategic partner for Credorax and one that brings a lot of added value to our company. We are very excited to have Blumberg as an investor," said Benjamin Nachman, CEO and founder of Credorax.

About Credorax

Credorax provides online payment processing & acquiring bank services under one roof to a diverse range of online merchants, worldwide. An Acquirer, Payment Gateway and Fraud & Monitoring service provider in one, Credorax provides a superior customer experience backed by next generation technology. Credorax customers enjoy seamless integration of payment services, excellent rates, high transaction approval rates and a wide range of value-added customer services. Credorax is a licensed financial institution and a Visa and MasterCard principal member.

Credorax Group
Moshe Selfin

Blumberg Capital
Mr. Jon Soberg

SOURCE Credorax