Formerly VC-Backed Truaxis Now a Mastercard Company
September 11, 2012
After raising $9 million in combined venture funding from Trinity Ventures and Bessemer Venture Partners, Truaxis has been sold to MasterCard (NYSE: MA). Founded in 2007, the Redwood City-based company provides credit and debit card-linked offers to consumers through merchants and financial institutions. In addition to the acquisition, MasterCard has made several other strategic investments in the last few months, including participation in Swedish mobile payment startup iZettle's $31.4 million Series B round in June and security software provider SecureKey Technologies' $30 million Series B round in May.