mFoundry have completed a $15 million Series C round of financing
By admin at October 24, 2007 | 8:46 pm | Print
What Company is Offering:
mFoundry has become one of the foremost innovators in mobile financial services. The company’s Spotlight Financial Platform offers a comprehensive and equitable solution for financial institutions, wireless operators and other mobile banking and payment providers.mFoundry’s Spotlight Financial Platform is a cross-carrier, cross-platform solution with the broadest device support of any competitor.
How Much they Got From VCs:
mFoundry, the leading provider of mobile financial services, announced today they have completed a $15 million Series C round of financing. Motorola, Inc. through Motorola Ventures, its strategic venture capital arm, led the round joined by existing investors as well as other strategic investors, PayPal, NCR Corporation and a leading wireless operator. In addition, NCR has selected mFoundry’s Spotlight Financial Platform as part of their mobility technology solution.
What’s Their Reason For Rasing Fund:
mFoundry will use funds to meet the strong domestic and international market demand for their mobile banking and payments products.
“As consumer demand continues to grow for anywhere, anytime information access, mFoundry is playing a key role in creating and shaping the future of personalized mobile financial services,” said Code Cubitt, investment manager, Motorola Ventures. “mFoundry’s Spotlight Financial Platform allows for a more feasible and affordable mobile financial services experience for wireless operators, financial institutions and consumers. Motorola is excited by the synergies we see between our two companies both domestically and internationally.”
More at:http://www.mfoundry.com/
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