NanoPay Corporation, the Canada-based operator of a real-time payments platform, has closed a $10m series A round backed by investment bank Goldman Sachs’ Merchant Banking Division.
The round included APAGM Services, Jarnac Capital Management and Rohatton, and comes after NanoPay acquired digital currency product MintChip from Royal Canadian Mint in January this year.
Founded in 2012, NanoPay has built a platform that can store or transfer digital assets directly without the use of intermediaries. The technology is used by banks to make secure low-cost, real-time payments.
Laurence Cooke, founder and chief executive of NanoPay, said: “This additional funding is a huge vote of confidence in NanoPay and its ability to prove our global potential
“After successfully deploying MintChip as a digital cash platform in Canada in June 2016, our focus is now on expanding the platform beyond digital cash to a broad range of [business-to-business] use cases that have global applications, for example, business-to-consumer disbursements and cross-border payments.”