MissionOG and Mastercard Sprearhead Infinicept's Latest Funding Round

Infinicept's global strategic partnership with Mastercard utilizes the reach of Mastercard's network to power the Payment Facilitator Accelerator program, allowing software companies to become payment facilitators in weeks rather than months or years.

FREMONT, CA: Infinicept has declared a new funding round led by Mastercard and MissionOG, which will help the company speed up the growth and adoption of its flexible payments infrastructure platform. Infinicept has over 250 software, fintech and banking customers in 25 countries, and yearly payments volume has increased 800 percent as more companies embed payment services to enhance customer experience and grow their revenues.

Infinicept's global strategic partnership with Mastercard utilizes the reach of Mastercard's network to power the Payment Facilitator Accelerator program, allowing software companies to become payment facilitators in weeks rather than months or years. Infinicept's co-innovation journey with Mastercard started with participation in the Start Path startup engagement program, where Mastercard provided access to their technology, network, and resources to help the company scale and grow. After finding out a strategic fit, the relationship matured into an investment opportunity and eventually moved to the commercialization phase.

"Infinicept's technology now supports acquirers and payment facilitators with the critical tools to help businesses around the world manage payments," stated Zahir Khoja, Executive Vice President of Merchant Solutions and Partnerships at Mastercard. "Mastercard's technology and scale, with partners such as Infinicept, is helping our larger acquirer ecosystem support businesses around the world to accelerate growth, modernize transactions and ensure businesses have the tools to succeed."

"Embedded payments are a major growth market, and Infinicept's unique approach and deep payments expertise are valuable differentiators to deliver on the need," stated Andy Newcomb, Managing Partner at MissionOG. "Deana Rich and Todd Ablowitz are well-respected thought leaders in the industry, and they know that software companies want more control over the payment experience. There is no better team and platform to deliver on this opportunity than Infinicept."