Canada-based mobile payments service Carta Worldwide has raised $7m of a targeted $12m series D round co-led by publishing company DC Thomson and venture capital firm Difference Capital.
Carta, which was founded in 2007, is a digital transaction processing platform which has invested over $50m in developing its technology. It plans to closse the round in full in the next few weeks.
Brian Semkiw, chief executive of Carta, said: “We are very excited about the explosive growth in mobile payments, and the recent Apple Pay announcement will fuel more growth.”
Difference Capital invested $2m in Carta in September 2013 in exchange for a 5% stake. The company had previously raised over $15m in funding from private investors, according to Canadian Private Equity.