Boost Payment Solutions closes $12m funding
Boost Payment Solutions has closed a $12 million Series B equity and venture debt funding round led by Mosaik Partners and North Atlantic Capital.
Expanding its marketing, product, support and business development teams
The new funds will be used to raise the company’s profile domestically and internationally across multiple verticals, including healthcare, telecom, freight and logistics, media, transportation, real estate and others.
“The explosive growth Boost has enjoyed since our initial investment in 2017 has been remarkable. The senior management team’s vision for commercial payments, coupled with its proprietary technology and positioning in the domestic and international B2B markets, will continue to pay dividends,” says Howard Mergelkamp, a managing partner at Mosaik Partners.
Boost will also be expanding its marketing, product, support and business development teams in the US and abroad. The firm also has operations in Canada, Europe, UAE, Australia, Brazil, and through its partnership with Mastercard, the Caribbean and other Latin American markets.
Golding and Company served as strategic and financial advisor to Boost in this transaction.
