Tapingo, which offers a mobile payment service for college students, has secured $3.5 million in funding from Carmel Ventures.

The company, which is based in New York with a R&D center in Israel, enables students to use their phone to order and pay for food and goods at merchants on and around college campuses across the United States.

The app is available for iOS and Android-powered phones. Available payment options include credit cards, PayPal, and campus cards.

Shlomo Dovrat, co-founder of Carmel Ventures, has joined the Company’s board of directors.

The proceeds of the financing round will be used to expand to more campuses.