Qualpay Secures Series A Funding, Raising Its Capital to $8 Million

SAN MATEO, Calif., Sept. 30, 2015 /PRNewswire/ -- Qualpay, a next-generation multichannel merchant account and payment solution provider, announced today that it has successfully completed a Series A round of financing, bringing its total capital commitment to $8 million.

"We are very excited to have raised this money," said Craig Gass, CEO.  "We are thrilled to know that investors recognize the great growth potential in Qualpay and have confidence in our ability to continue to deliver and expand on the success we have already achieved." 

"We started Qualpay by creating a cutting-edge payments platform needed to address the dynamics of today's marketplace," says Mr. Gass.  "And now thanks to this new infusion of capital, we're ready to expand on what we've already accomplished with further improvements in our product and services.  It also means we have the ability to reach many more customers."

Qualpay's Cloud-based payments platform is designed to allow businesses to accept payments in all the ways consumers are making purchases today, be it in-person, online, via their mobile devices, over the phone or through the mail.  Qualpay lets merchants do this through the use of a single, seamlessly integrated merchant account, which greatly reduces the complexity and redundancies that can occur when multiple merchant accounts are required.

Qualpay offers many other advantages according to Mr. Gass.  "Our platform works with all card brands and payments types, including Apple Pay and EMV enabled cards.  We also offer a flexible web-based business analytics and management dashboard designed for mobile devices.  What that means is a business can check on deposits and other key analytics right from his or her smart phone whenever he or she wants." 

Qualpay was founded by long-time veterans of the payment processing industry as well as seasoned programmers.  One of their very first steps in starting Qualpay was to establish a customer support center.  Located in Spokane Valley, Washington, this center delivers 24/7 help from real, live customer representatives.  "All the greatest technology in the world means little if you don't back it up with personal, one-on-one customer support," says Mr. Gass.

About Qualpay:

Started in 2014, Qualpay is an innovative and integrated payment solutions provider headquartered in San Mateo, California.  Qualpay's multichannel, Cloud-based processing platform provides a combined merchant account with solutions that enable businesses to accept payments across all their sales channels.  Qualpay continues to seek out and incorporate leading-edge technologies in order to provide its customers with the tools and services they need in today's rapidly changing marketplace.  The company maintains a customer service office in Spokane Valley, Washington.  To learn more, visit www.qualpay.com.

SOURCE Qualpay

Related Links

http://www.qualpay.com