Pay By Touch taps hedge funds to raise $130M

Portland Business Journal – By Touch taps hedge funds to raise $130M Fingerprint scanner company went to hedge funds to raise $130 million in debt financing, rather than turn to venture capital firms, the company said Wednesday.

The San Francisco firm, which makes systems where customers pay at stores using a finger scanner, said it raised $75 million in senior secured notes from two large hedge funds, Och-Ziff Capital Management of New York and Farallon Capital Management in San Francisco.

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