Cambridge-based mobile payments platform company Leaf announced it has closed $20 million in its first round of institutional funding from Heartland Payment Systems of Princeton, N.J. The two-year-old firm will use the funds to advance manufacturing capabilities of its proprietary tablet, the LeafPresenter, and expand its team of developers and employees.

In addition to the investment, Heartland has also joined Leaf’s network of distribution partners with its national sales force of more than 800 relationship managers. In addition to its core card processing service, Heartland will be building an array of value-added apps on the Leaf platform – including payroll, and mobile and online ordering, among others.

"While discussing a major distribution deal with Heartland, it became clear that we have much deeper synergies than simply selling together. Heartland is spearheading a new wave of innovation across the industry that aligns with our mission of creating an open platform that empowers business owners to aggregate valuable services under one digital fingerprint," Aron Schwarzkopf, co-founder and CEO of Leaf, said in a statement.