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Payment Club Announces $7M Financing Through Partnership with Net Element, Inc. (NASDAQ: NETE) Subsidiary

Payment Club, Inc. this morning announced the completion of a $7 million financing led by its co-founders in partnership with Unified Payments, a subsidiary of Net Element (NASDAQ: NETE) and its institutional investor. Payment Club’s co-founders lead the financing with $2 million in equity. Unified Payments, through its partnership with its institutional investor, arranged a $5 million credit facility for Payment Club to drive its growth initiatives, bringing total debt ...