Another Mobile Payments Provider Raises Venture Capital

Boston-based Paydiant has raised $7.6 million ahead of launching its mobile payment services later this year. The first round was led by North Bridge Venture Partners and General Catalyst Partners. It’s unclear what part of the value chain the company will play in, but the co-founders Chris Gardner, Kevin Laracey and Joe Paratore, have all worked at payment companies before, including edocs and m-Qube.