Intel Capital investing in Firstgate Holding

Intel Capital investing in Firstgate Holding

Intel Capital has announced that they are investing in Firstgate Holding. This company is the owner of the hosted online payment system provider ClickandBuy.

This deal would see Intel Capital investing an undisclosed amount in the company which would help them fund the ClickandBuy’s global expansion into Asia and Latin America.

ClickandBuy is providing their services to as many as 7,000 merchants and they support multiple currencies, various tax schemes, credit card processing and live customer care.

Their system also comes supported with fraud prevention to protect customers and merchants against Internet fraud.

Some of their big name customers include Apple iTunes, Skype, Financial Times Deutschland, and The Independent.

Intel Capital is the investment division of the microprocessor giants Intel and the company has invested as much as $6 billion in companies around the world since 1991.