fireappslogo FireApps raises $8.75 million in Series B

Scottsdale, Arizona based developer of  foreign exchange exposure management solutions, FireApps, has raised $8.75 million in the second round of funding. Trilogy Partnership and returning backer Ignition Partners played their role by contributing $7.5 million, where as $1.25 million came from the Silicon Valley Bank. The company earlier raised $3.5 million. The amount will be used to manage the foreign currency risks.