Wednesday, May 23, 2007

Saylent Technologies Raises First Round of VC - Franklin, MA

Saylent Technologies, a Franklin-based provider of debit card portfolio management software, on Tuesday announced that it has raised its first round of venture capital, led by the Venture Capital Fund of New England. The company did not disclose how much capital it raised in the deal, which also includes funds from SEED Venture Finance. Saylent Technologies provides debit card management technology for the banking, credit union and payment industries. Its technology tracks usage, manages campaigns, calculates interchange, analyzes profitability, generates profitability metrics and manages back-office administration of reward programs.


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