Local payments processing company Braintree has had a busy year. First, it acquired mobile payments company Venmo. Then, it expanded into international markets. Now, Braintree has raised $35 million in Series B in a round led by NEA with participation from Accel Partners.
Built In Chicago caught up with CEO Bill Ready to find out more about what this funding could mean for Braintree. “We'll be using the funds to fuel further international expansion as well as continue to make it easier for developers to implement payments while making it easier for consumers to checkout online and on a mobile device,” he said.
[ibimage==19742==Large==none==self==ibimage_align-center]This year, the company has grown from 20 to over 100 employees. Ready expects to double that number next year. As they add jobs, Braintree is looking for engineers in particular.
Ready attributes the successes of this year to a few things. Expanding to over 30 countries and launched an instant access product that provides two-day funding--a full five days faster than most other providers--which is available to companies of all sizes.
“Moving forward, making payments easier on a mobile device for both merchants and consumers will be our focus,” Ready said.
Visit Braintree’s website, check out their BIC profile and follow them on Twitter at @braintree.
