Apply
Founder Institute Image

New York graduate, Zipmark, recently announced they have raised a $1.5 million round to add to their seed funding. Aiming to change the way businesses send and receive payments, Zipmark is bringing the checkbook into the 21st Century by “reducing the amount of time and money it takes to make a check payment, eliminating the possibility for bounced checks and taking all risk out of the equation for payer and payee alike”.

"Zipmark has experienced great adoption over the past few months, and this round of funding will enable us to continue and even increase that growth rate," said Jay Bhattacharya, CEO and co-founder of Zipmark. "Our team has doubled in size and we look forward to beating that growth in the remainder of 2013."

"We backed Zipmark because they developed a real solution to the challenges small businesses face getting paid," says Don Layden, investor and board member of Zipmark. "Zipmark has made it a lot easier for property managers, utilities, and small businesses to get paid faster. The decision to invest more money into Zipmark was an easy one."

Click here to read the full story on Market Wired.

Like this article?

Subscribe to our NewsletterAttend a Free Event

Related Insights

More insights
Founder Institute Image
Grad News

Founder Institute Dallas Produces 5 New Technology Companies

By Sana Balti on Mar 15, 2024
Founder Institute Image
Grad News

Founder Institute and The Entrelliance Foundation Launch a New Leadership Lab Program for Startup Founders

By Emiliya Strahilova on Feb 29, 2024
Founder Institute Image
Grad News

Founder Institute Lagos Produces 11 New Technology Companies

By Sana Balti on Feb 28, 2024

Are you ready to apply to the world's largest pre-seed accelerator?

Apply to the Program