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DENVER – (BUSINESS WIRE) –
Will simplify, the leading provider of regulatory and operational compliance software for the cannabis industry, is proud to announce that it has closed a Series B funding of $ 6 million. The round was led by Blue Zone Wealth Advisors, with input from existing investors Merida Capital and previous shareholders, as well as the addition of several new investors, including Mercury Payment Solutions founder Jeff Katz, who is also joining the board. administration of the company.
Simplifya’s Series B funding will be used to expand the company’s operational footprint and lay the foundation for the implementation and launch of its new product offering, TENDRTM. TENDRTM is fast becoming the most compliant and cyber-secure B2B and retail consumer payment solution in the cannabis industry. Powered by technology leaders in the payments industry, TENDRTM’s payment processing solution utilizes the automated clearinghouse in conjunction with an ODFI (Home Depository Financial Institution) to ensure a compliant payment solution and sustainable for participating cannabis related businesses (CRBs).
In addition to the best compliant payment processing technologies, TENDRTM will deliver a suite of customizable digital commerce solutions designed to enable its point of sale (POS) and enterprise resource planning (ERP) partners to deliver unparalleled user and customer experiences. loyalty to their customers in the cannabis industry. This suite of commerce solutions – which includes e-commerce, employee incentives, customer loyalty / rewards, and direct-to-consumer marketing (DTC) – are based on proven technology that has been in use for more than nine years by the one of the country’s largest coffee retailers, with over 11,000 locations worldwide.
“We have been incredibly fortunate to have investors and a board of directors who understand the value our commitment to compliance will bring to the successful launch of TENDRTM,” said Marion Mariathasan, Co-Founder and CEO of Simplifya. “Simplifya’s established reputation as a trusted compliance partner reinforces the fact that our partners can have confidence in our ability to meet their payment processing needs in a compliant manner. ”
TENDRTM will launch in beta with POS customers before the end of the second quarter.
For more information visit www.simplifya.com.
Amy Larson, Vice President of Marketing
877-464-8398 ext 723