FlexWage Solutions secures $3.5 million from unnamed investors
FlexWage Solutions announced it was able to secure $3.5 million in growth funding from several unidentified investment companies as well as high net-worth financial technology executives.
Based in New Jersey, the company provides responsible short-term capital solutions and a PayRoll card innovator. The company also offers its patented WageBank solution, a product enhancement used in partnership with payroll processing systems, payroll card providers, and benefit solution providers.
Frank Dombroski, founder and CEO, claims they are pleased with the additional funding and will use it to increase market penetration and revenue growth.
In 2013, the company was ranked number 256 on Inc magazine's 500 list of fastest growing companies.