02.12.07 Finao closes Series A funding with Telserra
Scottsdale, Arizona - Finao Capital LLC is pleased to announce that they have closed a Series A funding with Telserra Global Inc., a rapidly growing provider of turn-key electronic transaction processing systems that are mobile ready. Based in Phoenix, Arizona, Telserra has operations in India and Colombia. John Ballard, Managing Partner of Finao, stated “We feel very fortunate to be involved with Telserra, and to fund what we feel will be a very high-growth stage for them. The vast “unbanked” markets of the world are migrating towards automating cash transactions and credit-card driven economies that we in the developed world take for granted. We believe that Telserra offers the most complete, secure, and cost effective solution for retailers and distributors in those markets, who now have the opportunity to significantly reduce cost and increase profits with minimal investment in hardware or infrastructure,
Telserra provides a comprehensive and affordable retail transaction solution set that allows retailers, regardless of size and location, to automate and participate in the payment processing community. Finao’s involvement will allow us to accelerate and maintain leadership in this cash driven and untapped market.
Windstone Capital of Scottsdale, Arizona acted as an advisor to Telserra in the transaction.
Telserra is a description of Telserra and existing customers/markets.
Scottsdale, Arizona based Finao Capital is a venture firm focused on early stage technology companies in the Southwest. Finao specializes in the first professional round of financing, helping companies transition from start-ups to going concerns.
For further information please contact:
Finao Capital LLC
http://www.finaocapital.com
602-653-6543