CardFlight, a mobile payments hardware and software developer, raised $1.6 million in funding from New York-based ff Venture Capital.
The developer plans to use the capital to accelerate product development and expand its offering to more clients.
"As consumers are spending more of their time on mobile it is a natural place for payments to become ubiquitous. The space will not be dominated by a couple of players, but many retailers will want to have their own custom solution, says John Frankel, founding partner at ff Venture Capital, in an Oct. 2 press release. This is where CardFlight's magic works. It makes in-person card payments a breeze for retailers to build into their own customized solutions.
Frankel has joined CardFlights board of directors.
Payment Ventures, Entrepreneurs Roundtable Accelerator, Apostolos Apostolakis, Great Oaks Venture Capital and Plug & Play Ventures also participated in the round of funding.
CardFlight offers developers a mobile card reader, a software development kit (SDK) and an application programming interface (API) to add payment acceptance to their apps.
CardFlight partnered with Stripe, which also provides payment software tools, earlier this year.