TechCrunch | 03.31.16

Blispay, the Financing Program for SMBs, Raises $12.75M

By Jordan Crook

Big box retailers like Best Buy and Target have all kinds of financing card programs for their customers. But smaller and medium-sized merchants have no way to give their customers the same kind of financing plans.

Until now.

Blispay is a new startup founded by Greg Lisiewski, formerly of BillMeLater, which was acquired by PayPal for nearly $1 billion in 2008. From that point, he served as global head of credit products at PayPal until the past year, when he went on to found Blispay.

The Baltimore-based company, which just received $12.75 million in seed funding led by FirstMark Capital, with participation from Accomplice, NEA and TriplePoint Capital, is now ready to come out of stealth.

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