Orbiscom, a Dublin-based firm which develops online payment technology, has raised $17.5 million (€19.14 million) funding to expand its global business. The funding, organised by Goodbody Corporate Finance, was invested by European private equity house, HgCapital (formerly Mercury Private Capital).

Orbiscom recently signed a 15-year cross licensing agreement with Microsoft and has several existing deals with financial institutions.Its shareholders include AIB, Enterprise Ireland and Alphyra (formely ITG).