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PayCommerce Completes $22M Series B Investment to Drive Exponential Global Expansion of its Enterprise Cross-Border B2B Payments Network

Injection of capital will enable PayCommerce to significantly increase scalability and global strength for all network members and customers by expanding operations, R&D, sales and marketing.

October 18, 2016, Edison, NJ — PayCommerce, the leading enterprise cross-border payments network for payments disbursement and acceptance, today announced a $22-million investment from Tritium Partners.

This strategic investment will drive growth, increase the company's global market share by region and accelerate the expansion of its proven, correspondent-banking consortium and network, which includes more than 90 banks in 75 countries. To lead this expansion, PayCommerce Chairman and Founder Abdul Naushad, announced Max Narro as CEO. Mr. Narro, formerly President of WorldPay, U.S. Small Business and Senior Executive at Fiserv and First Data, will also join the PayCommerce board of directors.

The PayC ...

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