What Company Is Offering:
NeoSaej is a leading developer of online auction marketplaces focused on utilizing the advantages of the Web to empower consumers. MoneyAisle, neoSaej’s first marketplace, provides consumers with great rates on CDs and high-yield savings accounts.
How Much They Got From VCs:
NeoSaej, a leader in online auction marketplaces and developer of MoneyAisle.com, the first and only Web site where banks competitively bid for customers through live secure auctions, today announced it had closed $7 million in funding, bringing its total funds raised to over $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, neoSaej’s first online marketplace.
"The interest in the MoneyAisle site on the part of both consumers and the banking industry has been very gratifying," said Mukesh Chatter, president and CEO of neoSaej. "After being live for just one month, our consumers are receiving better rates than well-known banking aggregator sites for some of the most popular financial products on the market."
More at:http://www.neosaej.com/
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