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November 8, 2011 09:00 pm GMT
For SMBs, managing banking and payment processes is not as easy -- or as secure -- as it should be. So, coming out of stealth today is a Boston-based startup called MineralTree that is looking to fix both of these problems. Tomorrow, at the Small Business Banking Conference in Scottsdale, Arizona, MineralTree will officially launch its first product: A cloud-based banking and payment solution designed specifically for SMBs.Backing the startup in its mission to create an easy payment solution for small businesses is a cool $1.5 million in seed funding, raised from .406 Ventures, which has enabled MineralTree to develop its payments solution and make its initial hires, partnerships, and customer acquisitions. The most notable of which is the startup's partnership with Silicon Valley Bank in Santa Clara, California -- the first financial institution to implement MineralTree's solution and offer it to its SMB customers.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xzCsXvHPgMA/
With Funding In Tow, MineralTree Launches A Disruptive Banking And Payment Solution Aimed At SMBs
For SMBs, managing banking and payment processes is not as easy -- or as secure -- as it should be. So, coming out of stealth today is a Boston-based startup called MineralTree that is looking to fix both of these problems. Tomorrow, at the Small Business Banking Conference in Scottsdale, Arizona, MineralTree will officially launch its first product: A cloud-based banking and payment solution designed specifically for SMBs.Backing the startup in its mission to create an easy payment solution for small businesses is a cool $1.5 million in seed funding, raised from .406 Ventures, which has enabled MineralTree to develop its payments solution and make its initial hires, partnerships, and customer acquisitions. The most notable of which is the startup's partnership with Silicon Valley Bank in Santa Clara, California -- the first financial institution to implement MineralTree's solution and offer it to its SMB customers.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xzCsXvHPgMA/
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