Municipal Finance & Services Corp. Receives Growth Funding Commitment Of Up To $5M From Sixth Borough Capital Management
Municipal Finance & Services Corp. Receives Growth Funding Commitment Of Up To $5M From Sixth Borough Capital Management
11/11/21, 8:00 AM
Location
woodbridgeMunicipal Finance & Services Corp. (MFSC), a company focused on government arbitrage and committed to helping local governments and their vendors streamline and digitize the payments process to expand local government participation opportunities for minority-owned, women-owned, veteran / disabled veteran-owned, and the underserved/emerging business sector announced the completion of an equity commitment of up to $5M from Sixth Borough Capital Management. MFSC will use the proceeds to fund adoption of the Company's flagship municipal fintech payments platform AMP, and for other general corporate purposes, targeting the $1.69T U.S. municipal payments market.
Company Info
Location
woodbridge, virginia, united states
Additional Info
The company could not have asked for a better strategic equity partner. Coupled with these partners, the company has also partnered with the NACo (National Association of Counties), USCOM (U.S. Conference of Mayors), the NJAACOM (N.J. African American Chamber of Commerce) and the USHCOM (U.S. Hispanic Chamber of Commerce) to provide unparalleled market access and distribution."