The Cromwell-based fintech Payveris has raised a series D round of funding in order to accelerate client acquisition, platform innovation and the scale-up of the organization as the company continues its rapid growth.

The company, which provides digital money movement technology to financial institutions, announced the completion of the funding yesterday.

The round was led by the Silicon Valley-based Mosaik Partners, which also led the Series C round. All other institutional investors in the series C round also participated in the series D round including Black Dragon Capital, Connecticut Innovations and Ironwood Capital. A top 20 credit union that was not disclosed also joined the round as a strategic investor in Payveris, according to the company.

“We are delighted that our existing investors and our new strategic partner are convinced the company will maintain its high-growth trajectory,” Ron Bergamesca, CEO of Payveris, said in a statement. “The additional funding will allow us to significantly expand our investment in platform development, organizational infrastructure and sales and marketing initiatives to further solidify our position as the premier provider to progressive financial institutions determined to take control of their digital payments destiny, while simplifying and modernizing their money movement infrastructure.”

Payveris is the creator of The MoveMoney Platform, an open API cloud-based platform enabling financial institutions to control, simplify and extend digital money movement capabilities to any application or device while lowering user experience friction and significantly reducing operating costs.

The company now provides innovative payment services to over 240 financial institutions including the recent signings of a top 100 bank and a top 20 credit union and securing an investment from another top 20 credit union.