A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – MOBILE PAYMENTS
- MoMo, a Vietnam based open system mobile wallet service provider, raised $28M funding from Standard Chartered and Goldman Sachs. Link
- JusPay, a mobile and online checkout payment technology provider, raised $5.8M funding from Accel Partners and founders of BookMyShow, an online entertainment ticketing platform. Link
- Ensygnia, a mobile payment solution provider, raised $710k Series A funding from Gate Ventures Plc. Link
- SpeedETab, a mobile ordering and payment app, raised $650k seed funding from AVenture Capital, a private investment firm. Link
- FTCash, a card and multiple wallet linked payment app, raised $150k pre-Series A funding led by IvyCap Ventures. Link
- Jumio, an online and mobile authentication technology provider, filed a $3.7M bankruptcy and is selling its business to Facebook Co-Founder Eduardo Severin. Link
- Ola, a taxi hailing app, acquired Qarth, a mobile payment app provider called X-Pay for an undisclosed amount. Link
- ShopClues, an online shopping platform is in talks to buy mobile wallet payment startup, Momoe, for around $8M – $15M. Link
- Tata Consultancy Service, in association with DNB, a financial service group in Norway, launched a P2P mobile payment app called Vipps. Link
- Dream Payments, a mPoS solution provider, launched a white-label merchant service platform for banks and merchant acquirers. Link
- Dukascopy Bank, launched its own electronic wallet payment solution. Link
- FIDO bank launched HCE- enabled mobile payments app, in collaboration with PriNum, a mobile wallet developer. Link
- Square, a mPoS service provider, launched its mobile payment service in Australia. Link
SOME INTERESTING STARTUPS FOUND
eWallets Network (2015, SF) – An API that allows inter wallet money transfer.
ZapGo (2015, Iceland) – A mobile payment application that executes payments on Blockchain
LEADER BOARD – MOBILE PAYMENTS
mPoS
Square (2009, SF, IPO) – PoS system for iPhone, iPad, and Android devices. Backed by Victory Part Capital, Colchis Capital, Sequoia. Went public in 2015.
iZettle (2010, Stockholm, $173M) – m-PoS solution provider, provides app and card readers. Backed by Intel Capital, Zouk Capital, Greylock.
Revel Systems (2010, SF, $127M) – iPad PoS solution for retail chains. Backed by DCM, Rothenberg Ventures, Roth Capital Partners.
Lighspeed POS (2005, Montreal, $126M) – Cloud based iPad point of sale software service provider. Backed by Accel Partners, iNovia Capital, Investissement Québec and CPDQ Partners.
Wallets
Paytm (2011, Noida, $890M) – A mobile wallet provider with e-commerce service. Also has a payment bank license. Backed by Alibaba Group, Saif Partners, Intel Capital, Reliance Capital.
Mozido (2008, Austin, $337M) – Provides white-label wallets, mobile payment, shopping and marketing solutions. Backed by Brentwood Associates, Wellington Management.
LevelUp (2011, Boston, $51M) – Provides mobile payment using QR code, NFC, iBeacon and white label wallet solutions. Backed by Google Ventures and Highland Capital.
Wallets – P2P Money Transfer
Venmo (2009, NYC, $1.3M, Acq.) – Wallet based money transfer among friends and families. Backed by Accel, Greycroft Partners. Acquired by Braintree Payments for $26M in August 2012.
Multi-Solutions
Mobetize (2012, Washington, IPO) – Mobile commerce solution provider for Telecom and Payment industry. Went public in 2015.
Corduro (2008, SouthLake, $4M) – Provides wallet and m-PoS solutions. Backed by Google Ventures, Founders Collective.
goSwiff (2010, Singapore) – Provides mobile platform for m-PoS and m-wallet
Carrier Billing
Bango (1999, Cambridge, IPO) – Allows payment collection for online purchases using carrier billing. Went public in 2005.
Boku (2009, SF, $107M) – Provides carrier billing for online shopping. Backed by Andreessen Horowitz and Khosla Ventures.
Fortumo (2007, Tartu, $10M) – Provides mobile operator billing service. Backed by Intel Capital and Greycroft Partners.
Wearables
Sling (2013, Tel Aviv, $1.1M) – Enabling contactless payments using Sling wrist bands.
Tap & Pay (2014, Rhode Island) – Provides NFC enabled wearable wrist bands.
Technology
Proxama (2005, London, IPO) – Mobile proximity commerce and payment solutions. Went public in 2008.
Mobeam (2010, SF, $38M) – Mobeam is a payment technology enabler, that allows laser/barcode scanners to read barcode from the mobile wallet. Backed by Yet2Ventures, Draper Athena, Samsung Ventures and Mitsui & Co.
Mobeewave (2012, Montreal, $6.
m-Payment Gateway
Judo Payments (2012, London, $5M) – provides secure in-app payments, web payments, virtual terminals and IVR solutions. Backed by Route 66 Ventures.
Salt Technology (2008, SF, $6.5M) – Payments platform focused on the fast consumer checkout experience on mobile.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates, visit Mobile Payments feed.