MoBank builds transactional systems on mobile, connecting retailers of all sizes with consumers and operates the MoPowered mCommerce platform launched in March 2012. MoPowered supports retailers at every stage of m-site integration, from site building and inventory cataloguing to marketing and mobile checkout. Led by CEO Dominic Keen, the company focuses on everyday mobile transactions between retailers and consumers. MoBank raised £2.25m in funding and intends to use the proceeds to invest in recruitment, IT infrastructure and partner management programmes. Named backers in the round include the Business Angel Co Investment Fund and members of the Envestors network. The company is based in London, UK.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2012