[ EFTsure raises $2M in Series A ]

EFTsure has raised $2 million in Series A funding.

Founded in 2014, EFTsure is dedicated to helping organisations identify and protect themselves against risk and error that occur in the payment process. The startup has developed a platform that allows businesses to cross-check in real-time that the name of the payee matches the BSB and account numbers before the payment is made – a practice that Australian banks do not perform.

The new capital will be used to scale up the business and prepare its technology for the New Payments Platform coming in October this year, which will allow real-time payments to take place in Australia for the first time.

Funding  Series  A
Founded  2014
Country  Australia
City  North Sydney, New South Wales
Founder / CEO  Ian Mirels
Deal Size  $2M
Investors  Our Innovation Fund
Previous Investors  /