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Client Success: AeroPay Raises $5M+ in Venture Round

03/10/2021

HMB congratulates Aeropay, a Chicago-based digital payments platform powering bank transfer payments for businesses, and CEO and Founder Daniel Muller on announcing the closing of a $5+ million venture round.

AeroPay is a next-generation payments company, reimagining the way money is moved in exchange for goods and services. Since its founding, AeroPay has operated with the goal of simplifying payments for businesses of all sizes in every industry. AeroPay's payments platform provides lower costs, faster settlements and enhanced security. The funding will support recruiting new talent, continued growth in the cannabis industry and building out additional features of the product. AeroPay's API-driven platform currently processes payments for hundreds of brick-and-mortar and eCommerce businesses including non-profits, restaurants, retail, technology and cannabis.

"We're proud that our platform can handle a variety of use cases through our API and frontend technology. Our ability to be flexible and solve many of our customer's pain points allows us to be the long term payments partner they need," said Daniel Muller, CEO and Founder of AeroPay. "We're excited to continue bringing better payment options to underserved markets that have been left behind by traditional providers."

HMB represented Aeropay and the team involved in the venture round included Brian H. Axelrad and Alicia A. Handy.

You can read the full press release from PR Newswire here.

Read more about HMB's Venture Capital and Emerging Companies practice here.

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