Sharing news to our Managed IT Services Partners in the Boston Area. Boston start-up MineralTree has announced itself to the world by revealing it’s plan to release a cloud-based banking and payment product this month. No longer a secret is that they were able to raise $1.5 million of venture capital earlier this year.
MineralTree said the round was led by .406 Ventures of Boston. The money has funded development of its software, which aims to allow small and medium businesses and their banks to “minimize the widespread inefficiencies and rapidly growing risks in the SMB sector.”
The product unveiling will take place on November 10th at the Small Business Banking Conference Scottsdale, Arizona. Cloud computing, not yet been embraced by most industries, is gaining support and the banking industry can take the lead.
Read more about this is the Boston Business Journal, by clicking here.
