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ITC Financial Services
Prepaid card and e-cash solutions for underbanked populations
About ITC Financial Services
ITC Financial Services, founded in 1990, operates as a late-stage company providing financial solutions, with a focus on the underbanked population in the United States. The company's primary offerings include prepaid cards and e-cash solutions designed to serve individuals with limited access to traditional banking services.
In a significant funding event on January 29, 2004, ITC Financial Services raised $54 million in a private equity round. Key investors in this round included Bessemer Venture Partners, Noro-Moseley Partners, Ballast Point Ventures, and The Barton Partnership.
The company specializes in adaptable, short-term loan solutions that enable clients to finance inventory purchases, manage order fulfillment, and optimize cash flow. By implementing technologies like Salesforce Financial Services Cloud, the firm aims to enhance collaboration between its departments, secure data, and improve customer engagement and lead conversion rates.
Source: Dealroom company dataAt a glance
- Founded
- 2003
- Headquarters
- West Point, United States
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later4 investors entered at this stage
Noro-Moseley Partners
The Barton Partnership
Bessemer Venture Partners- BVBallast Point Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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