New York-based fintech firm Boost Payment Solutions, recently announced has closed a round of funding from San Francisco’s Mosaik Partners.
Founded in 2009 by Dean Leavitt, the company’s proprietary B2B gateway platform, Boost Intercept, offers B2B-specific reporting capabilities that allow enterprises that accept commercial card payments from corporate customers to integrate remittance data into their own ERP platform. Leavitt stated:
“In a world where over half of B2B payments are still made by paper checks and the acceptance of commercial cards can be cumbersome and expensive, Boost has enjoyed meteoric growth and our partnership with Mosaik will allow us to expand that growth even further and explore various strategic initiatives. We are extremely excited about working with the Mosaik team.”
According to the company, the funds from the round will be used to expand its growth strategies and focus on business development, sales, product development, and support. Boost currently operates in the U.S., Caribbean, Canada, Europe, and UAE. It is planning to launch in Australia, New Zealand, Brazil, Hong Kong, Singapore, and Malaysia later this year.