Aeropay Secures $20M In Series B Financing To Accelerate Open Banking And A2A Payments Innovation
Aeropay, a digital payments provider for the cannabis industry, has successfully raised $20 million in its Series B funding round. The round was spearheaded by Los Angeles-based fintech venture capital firm Group 11 with notable contributions from Chicago Ventures and Continental Investment Partners.
This funding milestone arrives as Aeropay boasts an impressive tenfold increase in revenue over the past year, alongside managing over $1 billion in transaction volume annually. Achieving cash-flow profitability in the fourth quarter of 2023, the company is setting new benchmarks in the financial technology sector.
Join industry leaders and pioneering experts as we delve into the future of digital payment solutions at the upcoming Benzinga Cannabis Capital Conference in Chicago on …