MFoundry, mobile financial services company, raises $15M more
MFoundry, a Sausalito, Calif., company that offers personalized mobile financial services over the mobile phone, said it has raised $15 million in a third round of funding.
It was led by Motorola Ventures. PayPal, NCR Corporation and an unnamed “leading wireless operator” also joined the round, along with existing investors Ignition Partners, GRP Partners and individual investors.
The company has raised just shy of $25 million in total.
In addition, NCR has said it had chosen mFoundry’s service for its own offerings.
According to the statement:
The company’s Spotlight Financial Platform offers a comprehensive and equitable solution for financial institutions, wireless operators and other mobile banking and payment providers. In addition, Spotlight offers cross-platform, cross-carrier support running on Java, BREW, Windows Mobile, and BlackBerry (RIM) devices across all major U.S. wireless carriers. The
Spotlight mBanking & mPayment products now run on well over 150 devices in the U.S. alone.“mFoundry’s role in the mobile financial services ecosystem is to enable all players by providing a flexible and superior mobile platform,” said Drew Sievers, mFoundry’s CEO and
Co-Founder.
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