eCommLink Raises $10 Million

eCommLink, a Las Vegas-based provider of prepaid debit card processing, has raised $10 million in new VC funding led by Syntek Capital.

PRESS RELEASE

eCommLink, a leading value-added prepaid processor, announced today that its investors, led by Syntek Capital, have provided $10 million in additional funding to support eCommLink’s aggressive domestic and international growth plans.

“From the outset, our investors have shown an unwavering commitment to eCommLink and our mission. No longer a start-up, eCommLink now has the right people, technology and focus to capitalize on its position in the prepaid market both here and abroad,” stated Ennio Ponzetto, CEO, eCommLink.

“eCommLink’s recent string of market and technological successes has confirmed our belief that the Company could become one of the prepaid market leaders in North America. This investment ensures that the Company consolidates this leadership and lays the foundation for it to start servicing the increasing list of business requests coming from overseas,” stated Franco Franca, CEO, Syntek Capital.

“Our platform enables an unparalleled level of flexibility, system expansion and security. The launching of several new programs with such demanding clients as Discover Financial Services and Sodexo has shown our ability to add unique value to our clients,” stated Victor Newsom, COO, eCommLink.

About eCommLink, Inc.

eCommLink, Inc. (www.ecommlink.com) enables program managers and financial institutions to maximize revenue from their prepaid debit programs. The Company’s flexible prepaid processing platform, innovative features and industry experience allows clients to create customized prepaid programs for their specific markets while ensuring quality, security and time to market. eCommLink supports the full array of prepaid debit programs, including general spend, payroll, teen, gift, travel, government and loyalty cards.