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Hopscotch Raises Another $6.1M to Make B2B Payments for Small Businesses Seamless and Free

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Consumer applications like Venmo, Cash, and Zelle have revolutionized person-to-person instant payments. Businesses have not had the same functionality and the business-to-business payment space has long been reliant on charging significant transaction fees and tying up cash flow with long waits until funds are available. This is especially onerous for small businesses, freelancers, and startups that operate on tight margins. Hopscotch is a B2B payments platform that offers instant payments without any fees. Similar to the consumer apps, users can collect and receive payments from clients and vendors, whether they have Hopscotch accounts or not. The company just launched its payment product this week in private beta and plans to expand its offering to holistically service the needs of small businesses. AlleyWatch caught up with Hopscotch CEO and Cofounder Reed Switzer to learn more about how the business is catering to the needs of a digitally savvy generation, the company’s strategic plans, and latest round of funding from investors that include Shine Capital, Stellation Capital, NOEMIS Ventures, 3KVC, Valar Ventures, and Red & Blue Ventures.

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