Swipely receives $20 million in funding

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Swipely is an online payments company that has raised $20 million in Series C funding led by Pritzker Group with participation from Shasta Ventures and First Round Capital. Swipely has now raised a total of over $40 million. Swipely also recently announced that its payment processing rate had doubled to $2 billion on an annual basis.

Swipely’s largest competitor, Square is processing around 15 times as much at about $30 billion. Fortunately, Swipely is growing at over 50% yearly. Swipely CEO Angus Davis sold his previous company TellMe to Microsoft for roughly $800 million.

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