Salt Lake-based UTFC Financing Solutions LLC said Monday it has made a $250,000 investment in Orem-based ProPay, an electronic-payments technology company.
View Comments
The funding is UTFC's second investment in ProPay, which uses proprietary technology that enables small-business owners and sole proprietors to send and receive secure payments, including credit card transactions, electronically. Since UTFC's first $250,000 investment in ProPay in May 2002, ProPay has achieved cash-flow profitability.