Monitise is presented as a global leader in mobile technology and is developing a new technology platform. The company is deepening strategic partnerships to accelerate that platform’s development. Banco Santander, through its Santander Innoventures fund, acquired roughly a 5% stake to support this effort. Telefónica has also become an investor and strategic partner, and Mastercard has reconfirmed and expanded its investment. Monitise is furthering collaboration with IBM, including deployment of IBM Watson to support the new platform. Santander and Telefónica will jointly have the right to propose a non‑executive director to Monitise’s board. Monitise develops mobile banking and payments technology, including products branded Bank Anywhere, Pay Anyone and Buy Anything. The company provides technology and services to financial institutions and works with Visa Inc. and Visa Europe to deliver mobile-payment solutions. Its relationship with Visa covers a deployment footprint that reaches 3,000 banks in 36 countries and the company reports about $31 billion passes through its services annually. Monitise expanded its U.S. capabilities via the acquisition of Clairmail for $173 million. The company has an ongoing strategic commercial and investment relationship with Visa, which is a minority shareholder. Monitise provides mobile banking and mobile-money platform technology and partners with major payments firms to deliver mobile banking, payments and commerce services. The company has deepened its strategic ties with Visa Europe and plans to use new proceeds to expand into India, Asia Pacific, emerging markets and mobile commerce. Monitise announced a £24.7 million investment from Visa Europe and said Visa Europe’s president will join Monitise’s board, underscoring the strategic nature of the relationship. The company is also consolidating its U.S. presence by acquiring the remaining 51% of its Monitise Americas joint venture from Metavante. As part of that agreement, Metavante (a subsidiary of FIS) will receive a 3.3% stake in Monitise and the transaction is valued at $15 million. Management said the moves position Monitise to lead in North America as well as maintain its platform position in Europe.

Total raised

$115M

Funding rounds

3

Latest round

Equity

Latest activity

Dec 2014