Debit Rewards Company Fisoc Gets $5M Funding

What's Next In Payments®
3:18 PM EDT December 30th, 2012

Fisoc, a provider of merchant-funded reward programs to financial institutions, has raised $5 million in fresh capital to help fund future growth, American Banker reported.

“These additional funds will enable us to service our rapidly growing customer base and execute and support contracts with financial institutions (FIs) ranging from the upper Midwest, Deep South and Northeast, in addition to our first markets in Texas and Arkansas,” Jay Valanju, chief executive of fisoc, said in a news release.

Read the full story here.

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