---
title: 'NetPayment nets $1.1 million in funding, led by Intuit'
date: '2011-10-11T09:18:41-07:00'
type: post
word_count: 251
char_count: 1699
tokens: 327
categories:
  - '#featured'
  - News
  - Oregon
  - Portland
  - Startups
tags:
  - Funding
  - million
  - netpayment
---

# NetPayment nets $1.1 million in funding, led by Intuit

It’s always nice to write about someone new getting funding in Portland. Especially when it’s a company you might not know.

Meet [NetPayment](http://www.netpaymentcorp.com/ "NetPayment"), a company that relocated to Portland, plans to stay in Portland, and has recently disclosed $1.1 million in funding.

As interesting as the funding is, the investors may be even more compelling. You see, [Intuit](http://www.intuit.com/ "Intuit")—arguably the largest player in the personal and small business financial market—and the founder of [Mint](http://mint.com "Mint") (now part of Intuit) are among those participating in the round. That’s a vote or two of confidence.

So what does NetPayment do?

> NetPayment enables financial institutions to extend and monetize card-less transaction services via the Internet, and provides online merchants, payment processors, and billers the means to move money at the speed of light.

> With NetPayment, transfers are made in seconds, not days. NetPayment communicates directly with supported institutions, allowing for immediate access to account information and transaction processing. A typical account inquiry or financial transaction takes seconds.

Could financial services be Portland’s next boon? With [BankSimple](http://banksimple.com "BankSimple") and NetPayment calling Portland home—not to mention local talent from the previous generation of financial companies like Corillian—things could be leaning that way.

And what’s more? [They’re hiring](http://www.netpaymentcorp.com/careers.php "NetPayment").

For more information, visit [NetPayment](http://www.netpaymentcorp.com "NetPayment").