eWise Secures US$14m in Financing Led by Wellington Partners
eWise, a global payments and online financial management solutions provider, has closed a US$14m financing round, led by venture capital firm Wellington Partners. Previous investors also participated in this round, including Balderton Capital, TTV Capital and Patagorang.
This funding enables the company to accelerate its plans to transform the payments landscape. It will drive the expansion of Secure Vault Payments in the US and eWise payo in the UK. eWise will also unveil a mobile solution, which will be piloted later this year.
“eWise is exactly the type of company Wellington likes to back – global and disruptive with tremendous potential. eWise is targeting markets which still rely heavily on cash and cheques, as well as ecommerce and point-of-sale opportunities with the introduction of its innovative mobile solution. In the US, these initial markets represent over five billion transactions per year. We are delighted to work with Alex Grinberg and his team to support the growth of eWise,” said Wellington venture partner Alexandre Gonthier, who has joined the board of eWise. Gonthier has a long track record with companies in the online and mobile payment sector including iPIN (now part of Aeopona) and Paymo/BOKU.