Credorax Raises $40M To Expand Online Payment Services

October 29, 2014 | The smart acquiring platform Credorax raised $40 million in its latest financing round. The round was led by Columbia Nova Technology Partners and previous investor Blumberg Capital to create an integrated and international system for online merchants to receive payments. According to company CEO Benny Nachman, the company hopes to use the funds to provide an online service provider for retailers in any geographic location. The company has secured up to $130 million to date, and since the service was launched in 2008, has also acquired a number of relevant bank services to bring all e-merchants’ online payment processing needs under one roof.