Prepaid2Cash Raises $5.1M Series A Funding Round Led by Benson Capital Partners and Relevance Ventures

By CityBiz

Prepaid2Cash Holdings, Inc. the established leader in the gift and prepaid card redemption space, has announced the closing of its $5.1 million Series A financing round. The financing round was led by Benson Capital Partners, a venture capital firm backed by NFL New Orleans Saints and NBA Pelicans owner Gayle Benson, and included participation from other leading Southern US-focused technology venture firms including Nashville-based Relevance Ventures and Alabama Futures Fund. Launched in 2016, P2C enables consumers and business clients to convert gift and prepaid cards into cash. P2C’s technology and partnerships allow its users to exchange their cards and receive cash or Bitcoin payments directly into their bank account or crypto wallet within minutes.