Corporate digital payment and credit solutions provider Aliaswire has announced $6 million in new funding. This is the first institutional funding round in its 13-year history and was led by Stage 1 Ventures. The funds are destined for staffing and product development.
Stage 1 operating partner Scott Carmel joins Aliaswire’s board.
“Aliaswire has built a profitable, high-growth business with an extensive portfolio of innovative products, patents, and intellectual property,” said Carmel. “We see a strong team and tremendous opportunity to accelerate the pace of innovation to open up new markets and revenue streams.”
Chris Gardner also joins Aliaswire’s board. He has close to three decades as an entrepreneur, founder, and product and marketing executive at Boston-area venture-backed companies including PayPal, Paydiant, Extend Media, m-Qube, and edocs.
Kristen Pulkkinen has been hired as Aliaswire’s CMO to lead the company’s branding, positioning and go-to-market efforts. She has more than 20 years experience in marketing, sales, business intelligence, and customer engagement for both B2B and B2C companies. Pulkkinen was most recently with PDI Software.
Aliaswire currently is focused on two offerings, beginning with a cloud-based electronic bill presentment and payment solution DirectBiller, which is sold through financial institutions’ treasury management and commercial banking units to facilitate both B2B and B2C payments. PayVus is a small business credit offering.
“We’re really pleased to have the support of Scott Carmel and Stage 1 Ventures,” said Aliaswire CEO Jed Rice. “The team here has had tremendous success to date, and we believe adding the discipline, experience and insight of an investor like Stage 1 will be invaluable as we build on our momentum and navigate the next stage of our growth.”
