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Rego Payment Architectures, Inc. Secures Additional $20 Million Line Of Credit

PUBLIC · RPMTMar 16, 2023

Amount Raised

$20 Million

Round Type

Funding Round

Whitpain TownshipInformation TechnologyFinancial ServicesE CommerceFintech

Description

Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), today announced it has secured a $20 million line of credit (“LOC”) from one its major investors, Mr. James Davison.

Who else raised in Financial Services and E Commerce around the same time

Companies in the same sectors as REGO Payment Architectures that raised within 45 days of this round, from Fundz verified event records.

  • Yield Exchange raised an undisclosed amount (Pre-Seed) on April 18, 2023.
  • Nsure.com raised an undisclosed amount (Corporate Round) on April 11, 2023.
  • Clara raised $60M (Funding Round) on April 26, 2023.
  • Axoni raised $20M on April 26, 2023.
  • Spayr raised $2.7M (Seed) on April 20, 2023.
  • Augmedix raised an undisclosed amount (Funding Round) on April 20, 2023.

Who to call at REGO Payment Architectures, and when

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Company Information

Company

REGO Payment Architectures

Location

Whitpain Township, Pennsylvania, United States

About

REGO Payment Architectures, Inc. is the first e-commerce solution that enables kids to manage and spend money within a parent-controlled environment. We deliver a family-focused mobile banking solution. Our secure platforms were built from the outset for the Under 18 age group, leveraging the three patents we hold in this space to ensure compliance with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. Virtual Piggy enables the Under 18 audience to transact in a secure online environment guided by parental permission, oversight and control. It provides tools for parents to foster financial responsibility and literacy. Our patented approach helps shield retailers from COPPA violations as well. COPPA was enacted in 1998 by the Federal Trade Commission (FTC) with the sole purpose of protecting children's identity, location and interactions online.

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REGO Payment Architectures raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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