Align Commerce Grabs $12.5M

What does Align Commerce do?

Align Commerce, is a next generation global payments provider for global commerce. The company enables business and payment platform in sending and receiving payments in local currency through a simple, friction less and cost effective manner by using the block chain as a new settlement rail. The company is breaking away from the costly, opaque and time consuming ways of sending funds overseas with banks and traditional payment providers by levelling the playing field for small and medium sized businesses in cross border payments. The company has launched an electronic multi rail platform for payments that combines “Blockchain” which is an encrypted, data driven rail.

How much Align Commerce was funded?

Align Commerce raised $12.5M in Series A funding on November 17^th, 2015 from the investors Kleiner Perkins Caufield & Byers, Recruit Venture Partners, Digital Currency Group, Fenway Summer LLC and Pantera Capital.

Previous funding

• Undisclosed amount on January 20, 2001

• Undisclosed amount on April 29, 2015 from Boost VC, Bay Hill Capital Management, Pantera Capital, NyCa Investment Partners, Philippe Suchet, The Whittemore Collection, Fenway Summer LLC and Solon Mack Capital.

What is next for Align Commerce?

Align Commerce plans to use the funding for expanding its solution into more markets and bigger geographical coverage. The latest funding round’s lead investor KPCB general partner Randy Komisar will join the company’s Board of Directors, bringing a range of technology experience to the leadership of the company.

More about Align Commerce

Align Commerce was founded on February 1, 2014 by Marwan Forzley and Aldo Carrascoso. It has its headquarters in San Francisco, CA. This is a next gen worldwide payment provider which helps business in securely and quickly paying and getting paid in their local currency. It helps businesses process payment through a cost effective and simple method by using multi rail technology.