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Payments Platform Braintree Raises $35M From NEA, Accel To Take On PayPal And Square

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http://techcrunch.com – Braintree, an online payments gateway provider for online and mobile platforms, has raised $35 million in Series funding led by New Enterprise Associates (NEA) with participation from existing investors including Accel Partners, RRE Ventures and Greycroft. This brings Braintree’s total funding up to $70 million. For background, Chicago-based Braintree powers and automates online payments for merchants and companies online. The company provides a merchant account, payment gateway, recurring billing, credit card storage, support for mobile and international payments, and PCI Compliance sol (IT news)