Greg Lisiewski
Greg Lisiewski.closed on $12 million in new funding this week, marking the second spring in a row of a big fundraising announcement for the fintech startup.
With the Series A, the Canton-based startup is looking to expand its sales team and add more merchants to its financing platform, said founder Greg Lisiewski.
The company’s product allows small and medium-sized retailers to offer financing plans for customers’ bigger purchases. It’s a way to help the merchants offer similar solutions to a big box store. Consumers apply online for a Visa card that has no interest on a purchase of $199 for six months. The card provides 2 percent cash back, and can be used anywhere.
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