QueueCard Raises $7 Million Series A Financing

QueueCard, a Palo Alto-based credit card authentication solution provider, announced today that it has closed a $7 million Series A Preferred Stock financing. The financing was led by Allegis Capital and Worldview Technology Partners. Jean-Louis Gasse, a Partner at Allegis Capital and Peter Goettner, a Partner at Worldview Technology Partners, have joined QueueCard’s Board of Directors.

The proceeds from the financing, which also include a strategic investment by Société Générale, will be used to complete development of QueueCard’s patent pending credit card security and authentication solutions and support initial customer programs.