Austin e-commerce company Buzz Points raises $1.8 million in funding

Austin-based e-commerce company Buzz Points Inc. has raised $1.8 million in new venture funding, according to a Wednesday filing with the U.S. Securities and Exchange Commission.

The new $1.8 million in funding came from seven investors, according to the securities filing. The filing did not disclose those investors’ names.

Buzz Points sells a social media-based marketing and rewards platform for banks, credit unions and other financial companies. The company describes its products as “a community-focused rewards and marketing platform that connects community financial institutions, consumers and locally-owned businesses. The Buzz Points platform incentivizes members to shop locally, drives business results for credit unions, and helps local businesses compete against national chains.”