Peppercoin Secures $8 Million in Venture Funding; Names New President

Aug 23, 2005

Peppercoin, a payments technology company that enables profitable new business models for low-priced digital content and physical goods, has announced it has secured $8 million in funding. The financing round, led by venture capital firm Wall Street Technology Partners, includes previous investor Pod Holding and a large, Boston-based institutional investment adviser; several private individuals returned to participate in the round as well.

Peppercoin also announced that Mark Friedman has been named president/CEO. As president, Friedman forged strong ties with the financial institutions, including First Data and Chase, which have helped drive adoption of Peppercoin's Small Transaction Suite.