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BBVA’s Propel invests into new invisible payments technology business in the U.S

8th of January 2019

BBVA’s investment arm, Propel Venture Partners, has led the latest funding round into class leading invisible payments business Grabango.

Grabango has launched the first and only big business-ready checkout free technology able to be used in existing stores and which streamlines the payment process for customers, eliminating queues.

The Grabango platform includes a fault tolerant, edge, or decentralized, computing network that accurately processes millions of simultaneous transactions. This means the business is able to handle the demands of enterprise scale customers looking to adopt its technology.

This latest series A round of funding saw the Silicon Valleystartup announce that it has raised $12 million in an oversubscribed round, with Propel leading the way. It brings the businesses total funding so far to $18 million, which Grabango says it will use to grow its product development team and expand client store deployments with checkout-free technology.

Read the full news here–>

 

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