CashStar, the industry-leading provider of prepaid commerce solutions has closed o $15 million in growth capital. FTV Capital led the Series D round, joined by new investor Mosaik Partners and existing investors Passport Capital, Intel Capital, North Hill Ventures and others. This financing brings the total capital raised by CashStar to $50 million and will enable the company to continue investing in product innovation, sales and client success.
The funding round comes on the heels of several important corporate milestones. During its fifth annual conference, CashStar Innovate, CashStar highlighted its achievement in product development, client and partner successes, and employee investment. The company also recently announced the hiring of Martin Hood as vice president of channel partnerships and Matt Kerper as vice president of strategic business development.
CashStar provides best-in-class capabilities, revenue-optimizing risk management and a client success model based on aligned growth, to optimize digital gifting and prepaid commerce experiences. CashStar powers more than 300 leading brands worldwide including Best Buy, Brookstone, Coach, Crate & Barrel, Dell, Dunkin’ Donuts, Gap, lululemon athletica, Nine West, Office Depot, Petco, Pottery Barn, QVC, Sephora, Staples, Starbucks, The Cheesecake Factory, The Home Depot and Williams-Sonoma.
For data, background and forecasts CashStar: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).