Wednesday, August 22, 2007

AccountNow Adds CFSI As Investor

San Ramon-based AccountNow, which markets prepaid MasterCard and Visa cards, said this morning that it has added the Center for Financial Service Innovation's Catalyst Fund as an investor in its third round of funding. The CFSI Catalyst Fund invests in financial services companies focused on underbanked consumers. AccountNow announced its third round of funding, worth $12.75M, in June. Other investors, which were announced earlier, included Trident Capital, INVESCO Private Capital, Oak Hill Venture Partners, VSP Capital, Grayhawk Venture Partners, along with individuals.