Merchant payments company Innoviti Payments has raised its series C round of funding from FMO-Entrepreneurial Development Bank, the Netherlands, and existing investor Bessemer Venture Partners from the US. It did not disclose the amount raised or the valuation at which the funding happened, but said they were looking for some more funds before closing this round. Innoviti deploys point of sales terminals for accepting digital payments on behalf of banks. It mostly targets mid- and large- scale retailers. It competes with players like Pine Labs, MSwipe, Ezetap and others.

(Moneycontrol)