PaySAFE announces investment from Nebraska-based Ho-Chunk Inc. - Omaha.com
Published Friday, September 20, 2013 at 12:01 am / Updated at 12:20 pm
PaySAFE announces investment from Nebraska-based Ho-Chunk Inc.

Nebraska-based startup PaySAFE recently announced that Ho-Chunk Inc., an economic development corporation owned by the Winnebago tribe of Nebraska, has purchased majority ownership of the business. 

PaySAFE founder Matthew Medlock says the relationship with Ho-Chunk began when he started seeking capital through Pipeline's fellowship program. Launched in 1994, Winnebago, Neb.-based Ho-Chunk is now a $260 million global corporation operating more than 30 subsidiaries across the country. 

"While the game plan is changing, we’re still executing on it and growing," Medlock (right) told Silicon Prairie News. "We found our ideal partner and it just happened to be in our extended backyard. We couldn't be more excited to be partnering with Ho-Chunk and about what they bring to the table."

Medlock says the capital from Ho-Chunk's majority stake in the company will help him and his team continue to scale and dedicate their time fully to creating the best possible product. 

“Ho-Chunk, Inc. is an entrepreneurial company with interests in new technology and innovative ideas like PaySAFE,” said Ho-Chunk president and CEO Lance Morgan in a press release. “The decision to invest in the company was just another opportunity to support an entrepreneur with a great business idea. We believe PaySAFE is a unique service that has the possibility to become something big.”

PaySAFE, an online method of providing escrow services for everything from construction to personal goods launched in March 2012 and has continued to adapt its services to better fit its users needs. While the company previously focused on mediating escrow services, Medlock says the startup has now moved beyond escrow to more of a resource center for private parties making large-scale transactions. 

"Most of the growth has come from understanding our market," he said. 

While PaySAFE's team now helps individuals navigate the process of escrow services—from creating agreements to generating a bill of sale—the startup still also provides fraud and financial protection. 

 

Credits: Matthew Medlock photo courtesy of PaySAFE. 

Caterer's move to downtown Omaha warehouse means new jobs, event center
Crew working to disassemble International Nutrition plant
Heinz offers buyouts to all Pittsburgh workers
SBA loan activity up in Nebraska
Banker leads Omaha branch's 'Happy' dance video
5 things to know about tax day
Warren Buffett, Charlie Munger 'fiesta ducks' on sale at Berkshire meeting
Nebraska Crossing Outlets stores, layout
West Corp. deal to expand its alert business
Tech talent, tax incentives help lure MindMixer to Kansas City
The Record: Bankruptcies, April 15
More have had personal information stolen
In brief: Retail sales gain is best since 2012
Tablets, apps for kids become big business
For junior bankers, a day off doesn’t shrink workload
The Record: Building permits, April 15
Part-time college professors push for higher pay
Connecticut home sells for $120 million
New version of smartphone by HTC is the One to buy
Food inflation has shoppers budgeting, food makers competing on prices
MindMixer moving Omaha operations to Kansas City
Video: Nebraska Furniture Mart driving development boom in Texas city
Omaha product will be featured Tuesday on The View
13 tax tips that could save money, headaches
Tanzanian-made bags for Nebraska foster kids 'a win-win'
Deadline Deal thumbnail
Schweser's
$25 for a $50 gift card to use at Schweser's!
Buy Now
< >
SPOTLIGHT »
Inside Business
To submit an announcement for "Inside Business", click here. For questions call (402) 444-1371 or e-mail announcements@owh.com.
WORLD-HERALD ALERTS »
Want to get World-Herald stories sent directly to your home or work computer? Sign up for Omaha.com's News Alerts and you will receive e-mails with the day's top stories.
Can't find what you need? Click here for site map »