As the payments industry reinvents itself, investors can’t get enough of the sector.
Global Internet Ventures (GIV) has invested up to $1.5 million in stealth payments startup OmnyPay, according to an SEC filing made public today. San Francisco-based OmnyPay was created by Ashok Narasimhan, the founder of sales optimization company Runa — a startup which was sold to Staples for an undisclosed sum in October 2013.
The filing names William Melton, a partner at GIV. Melton’s firm has previously backed PayPal, Acer, and AOL.