Qualpay Secures Series A Funding

New Payments company sets sights on expanding its customer base and becoming a recognized leader in an ever-changing industry.

SAN MATEO, Calif. – September 30, 2015 —Qualpay, Qualpay, a next-generation omnichannel merchant account and payment solution provider, announced today that it has successfully completed a Series A round of financing, bringing its total capital commitment to $8 million.

"We are very excited to have raised this money," said Craig Gass, CEO. "We are thrilled to know that investors recognize the great growth potential in Qualpay and have confidence in our ability to continue to deliver and expand on the success we have already achieved.

"We started Qualpay by creating a cutting-edge payments platform needed to address the dynamics of today's marketplace," says Mr. Gass. "And now thanks to this new infusion of capital, we're ready to expand on what we've already accomplished with further improvements in our product and services. It also means we have the ability to reach many more customers."

Qualpay's Cloud-based payments platform is designed to allow businesses to accept payments in all the ways consumers are making purchases today, be it in-person, online, via their mobile devices, over the phone or through the mail. Qualpay lets merchants do this through the use of a single, seamlessly integrated merchant account, which greatly reduces the complexity and redundancies that can occur when multiple merchant accounts are required.

Qualpay offers many other advantages according to Mr. Gass. "Our platform works with all card brands and payments types, including Apple Pay and EMV enabled cards. We also offer a flexible web-based business analytics and management dashboard designed for mobile devices. What that means is a business can check on deposits and other key analytics right from his or her smart phone whenever he or she wants."

Qualpay was founded by long-time veterans of the payment processing industry as well as seasoned programmers. One of their very first steps in starting Qualpay was to establish a customer support center. Located in Spokane Valley, Washington, this center delivers 24/7 help from real, live customer representatives. "All the greatest technology in the world means little if you don't back it up with personal, one-on-one customer support," says Mr. Gass.

For more information on Qualpay, please visit: www.qualpay.com

About Qualpay

Qualpay is a leading provider of integrated, omnichannel payment solutions. The company's cloud-based payments platform enables businesses to modernize strategically through the use of reporting intelligence to streamline the payment process. Qualpay addresses and resolves the payment challenges businesses face and ensures a stronger, more robust infrastructure for the merchant, developer and partner. Simply, Qualpay enables a better way to manage payments. For more information on how Qualpay is reinventing a new era of payment processing, visit www.qualpay.com.

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