Credit card

SuperNet raises Series A to fund 2022 cannabis credit card launch


The Cannabis Payment Network is the only platform handling transactions from cannabis dealers and is poised to take over the market as their services expand.

LAS VEGAS, December 16, 2021 / PRNewswire / – SuperNet, the only payments network that officially accepts and authorizes transaction processing from cannabis merchants, has closed funding for an undisclosed amount in its Series A to help launch its credit card in 2022.

“We have received tremendous support from investors during this funding round, which only serves to validate the need for SuperNet in the market,” said Michel tsang, CEO and co-founder of SuperNet. “Providing additional funding for SuperNet is just the start as we continue to grow nationally with the launch of our credit card early next year. “

The SuperNet team, led by Tsang, also includes wedding dress industry experts and Debra wohlrab.

In 2006, Wedding co-founded Harborside, the country’s first cannabis retailer to require rigorous testing of all products to ensure they are free of pesticides and other impurities and contain verifiable potency levels of THC. and CBD. Debra wohlrab, a former Mastercard executive, has 35 years of experience in global financial services. She has been a consultant to numerous companies to assist large organizations with financial strategy, product development, compliance, and global product and service development.

“After years of working in the cannabis industry, one issue that I and other business owners continued to face was strict regulation of the payment process,” said Dress Wedding, co-founder of SuperNet. “SuperNet not only solves this problem, but it is revolutionizing banking services for the cannabis industry, and our meteoric growth will only accelerate with the support of our investors.”

For more information visit https://supernet.ai/

About SuperNet

SuperNet is the premier payment network serving the cannabis industry. Similar to Discover and American Express, SuperNet acquires new credit card holders by partnering with financial institutions and cannabis merchants and is the only payment network that officially accepts and authorizes the processing of transactions from cannabis merchants. SuperNet is rich in technology and clears all transactions on a proprietary high speed payment processing platform. For more information visit https://supernet.ai/

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SOURCE SuperNet