November 20, 2013 — Los Angeles — The Women’s Venture Capital Fund (WVCF) announced today its investment in Nvoicepay, Inc., which provides a simple, flexible cloud-based electronic payment solution that enables mid-market businesses to pay their invoices electronically via an integrated family of payment options including credit cards, ACH, and electronic print check. Businesses using Nvoicepay’s solution generate significant cost savings and card-based rebates.
Nvoicepay’s customers include banks, automotive dealerships, manufacturers, distributors, restaurants, governments and nonprofit entities. Nvoicepay anticipates significant user growth in 2014 including deeper penetration of its customer base and expansion into additional sectors. The Company’s cloud based solution seamlessly scales across vertical markets.
“The Women’s Venture Capital Fund is very pleased to provide growth equity so Nvoicepay can penetrate new vertical markets in conjunction with key strategic and channel partners. Nvoicepay has demonstrated its unique value proposition with significant market traction at virtually no attrition. We believe that the business is on track and highly scalable in the very large electronic payments marketplace,” says Edith Dorsen, WVCF Managing Director.
“We are delighted the Women’s Venture Capital Fund has made an investment in Nvoicepay,” said Karla Friede, Nvoicepay’s CEO and Co-Founder. “We value the opportunity to work closely with the Women’s Venture Capital Fund team and look forward to their contribution to Nvoicepay’s growth.”
About the Women’s Venture Capital Fund
The Women’s Venture Capital Fund invests in capital efficient companies on the West Coast focused on digital media. The Fund targets early stage companies that are demonstrating bona fide market traction with high growth potential. The Fund follows a highly disciplined approach to sourcing, selecting, managing and exiting investments. Currently the Fund maintains investments in companies headquartered in Seattle, Portland and Silicon Valley.
For more information, visit http://www.womensvcfund.com.
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