“We’ll be using the money to support our long-term growth strategy, which includes a few key elements,” Galit told VentureBeat. “As much as we’ve accomplished already, we think we’re still in the very early stages of building a platform to help address the challenges of SMEs and digital businesses looking to grow globally, so we are in the process of more than doubling [our] technology and product teams to enable us to accelerate new product introductions. And like we did with our acquisition of Armor Payments earlier this year, we also see acquisitions as a way to more quickly address customer needs...”
