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

Credit: Mark Matson

Credit: Mark Matson

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.”

Founded in 2009, the company was previously known as Fisoc.

In previous funding rounds, Buzz Points raised $11.3 million in 2013 and $8 million in 2014.