NeoSaej raises $7 million in funding to develop new auction marketplaces
NeoSaej, developer of MoneyAisle.com, announced that it has raised $7 million in funding, bringing its total funds raised to $10.5 million. A large Boston-based money management firm was the lead investor and several other investors also participated, including Stata Venture Partners II and NeoNet LLC.
NeoSaej plans on using the funds to develop new auction marketplaces and expand products offered by MoneyAisle, the first and only website where banks competitively bid for customers through live secure auctions.
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