mFoundry offers a SaaS mobile banking platform that enables banks, credit unions and other providers to deliver mobile banking options and payments to customers. The company powers services for more than 500 banks and credit unions and supports clients like Starbucks' Card Mobile. New investors committed to collaborate with mFoundry on developing tailored payments products and expanding payments opportunities. mFoundry plans to incorporate MasterCard mobile payments technology, including PayPass and NFC, into its offerings for banks. The $18M round brings the company's total funding to $40M and will be used to develop payments-related mobile products and services targeted at financial institutions and mobile network operators. The company is positioned to capitalize on rapid growth in mobile banking usage, as noted by comScore data cited in the article.

Total raised

$18M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2011