Debitman Closes $3.6 Million Financing
Debitman has announced the closing of a $3.6 million equity financing led by Cardinal Venture Capital with participation by Selby Venture Partners. Eric Dunn, General Partner of Cardinal and Jim Marshall, General Partner of Selby have joined the company's board of directors. Dunn will also be chairman of the board.
"Debitman offers a compelling value proposition that has the potential to revolutionize the market for debit cards," said Eric Dunn. "Retailers can simultaneously cut their costs while enhancing customer loyalty. It’s a powerful combination.""Today’s funding round is an emphatic vote of confidence in our strategy and trajectory," said R. Scott Hatfield, President and COO of Debitman. "With additional resources and two leading venture capital firms by our side, we are well positioned to aggressively build on our recent success."
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