 NORTHRIDGE, Calif., Feb. 04, 2021 GLOBE NEWSWIRE -- via NewMediaWire Innovative Payment Solutions, Inc. OTCQB: IPSI Innovative or the Company, a Southern California based fintech company focused on building a 21st century digital payment solution, IPSIPayTM, today announced it has raised over 600k of new capital in a fixed price financing with several of our largest shareholders at a 30 premium to the round of funding previously completed in the 4th quarter of 2020. This funding provides the Company with greater ability to execute on its declared plans and goals. 