mFoundry Raised Undisclosed Amount for Mobile Financial Services

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mFoundry Raised Undisclosed Amount for Mobile Financial Services

mFoundry received undisclosed amount from Banc of America Strategic Investments.

What does mFoundry do?

mFoundry provides mobile banking and payment products.

VCU says:

mFoundry provides mobile banking and payments solution for financial institutions and wireless carriers.

From their website “mFoundry’s Spotlight Financial Platform offers a comprehensive, secure solution for the entire mobile financial ecosystem. Spotlight incorporates mFoundry’s leading mobile banking and payments product into the platform and has been adopted by some of the largest banks and operators in the United States. Additionally, the Spotlight Platform offers a fast, easy and affordable solution for banks of all sizes. mFoundry provides the only equitable mobile banking and payments solution for operators and financial institutions.

Allowing individuals to bank with their mobile phones is a great idea, and the company to do it first, successfully, easily, and securely should do quite well.

See the mFoundry site here.

Founders:

NA

Funders:

Banc of America Strategic Investments




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