eWise keeps up payments' push
Online payments' company eWise has raised US$14 million in new funding round led by Wellington Partners, with Balderton Capital, TTV Capital and Patagorang also participating in the round. This brings eWise's total funding to over US$26 million.eWise was founded in Sydney in the early 2000s and relocated its headquarters to Denver in the last year.The firm develops the screen-scraping technology used by some banks (though few in Australia) that allows merchants and consumers to keep constant track of all their account balances across different banks in one place.The variant on this technology also drives the online payment service POLi used by some merchants in Australia.The latest round of investment will allow the firm to improve marketing and development for its Secure Vault Payment product, which is used by POLi.eWise expects this payments technology could reach 400 million uses within five years, TechCrunch reported.The firm has some support for its technology from the payments association NACA, the governing body of the Automated Clearing House in the US.