PayQwick Secures $2.9 Million

Staff

7 years ago

Ecommerce startup PayQwick announced it has secured $2.9 million in financing from an undisclosed investor.

PayQwick is on a mission to bring proven payment processing, regulatory compliance, and banking services to the licensed recreational and medical marijuana industries, and help reduce the risk of violent crime, illegal money laundering, and violation of state marijuana regulations. The company provides legal electronic payments, cash management services, and regulatory compliance audits.

According to PayQwick, it will use the funding to accelerate sales and product development as it expands into California, Nevada, MIchigan and Alaska during the next six months.

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