German investment firm Earlybird Ventures has pumped $4 million into Traxpay, a provider of realtime business-to-business payment solutions.
The company is today also announcing that it has appointed enterprise software industry veteran John Bruggeman, who has stints at Cadence, Wind River, Mercury Interactive and Netscape under his belt, as chief executive officer.
The most interesting thing about Traxpay’s real-time payment solution is that it gives its customers instant access to funds without having to wait for standard payment terms. That should grab the attention of many a company.
Traxpay is headquartered in Mountain View, California with R&D operations in Cologne, Germany.