The round was led by Castle Creek Capital with participation from Launchpad Capital.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2014 by President Trent Sorbe, Central Payments provides payments technology and issuing solutions for fintech and embedded finance businesses. The company’s Open*CP API Marketplace℠ is a banking-as-a-service payments platform with issuing capability embedded. The company also operates Falls Fintech, its startup fintech accelerator and produces Fintech Brews & News, a podcast devoted to helping bridge the gap between banking, startups, and the entire fintech industry.