India’s Accept Express startup says
it has developed a first-of-its-kind solution where the approval rate on card transactions is 99.9%. The payment platform offers payment acceptance solutions including Card Payment Acceptance, Online Bank Payments, E-Commerce, POS and Mobile POS Solutions.
Accept Express received its first step funding of $12 million from White & Brooks Private Equity Fund based out of Virginia, U.S.. The company is not looking to raise any more capital.
The company is likely to be listed at the Luxembourg and Bombay Stock Exchange sometime this month.
The company says it offers a payment gateway with no capping—be it $10000 or 10 Mn, thus reducing the overhead for many small and medium sized enterprises.
With a diverse collection of shopping carts integrated to their platform, Accept Express envisions in making no-failure payments to cover the risk with part reserves. The founders expertise in this space is definitely an added advantage to the team, thus providing the capability to identify merchants, distinctive needs and to quickly provide custom-made payment solutions with the right strategy to assure success and long term profits.
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