IFAN Financial (IFAN) Closes $2.5M Financing, Enabling Commercialization of Proprietary Payment Gateway
IFAN Financial, a designer, developer and distributer of software to enable mobile payments, has closed a $2.5 million funding agreement with New York-based Sea Otter Global Ventures, LLC, enabling the company to move forward with its expansion strategy and commercialize its proprietary payment platform. “We are very pleased to have secured this financing facility with Sea Otter. The funding will allow us to execute our business plan and begin commercialization of the proprietary IFAN payment gateway. It also provides immediate, non-dilutive capital during this phase while we are building awareness of the company,” IFAN president and CEO J. Christopher Mizer…