Prairie Cloudware, based in Omaha, Neb., offers the Digital Payments Guardian, a cloud-based platform that enables financial institutions to centrally store customers' payment accounts and cards and serve them across laptops, smartphones, tablets and wearables. The platform routes tokenized payment information through existing payment rails and integrates with financial institutions' digital banking services to centralize and secure consumer payment data. The company positions its service to help banks reinforce their role as trusted payment providers while decreasing the cost of fraud and improving return on investment. CEO Kevin Kammer said the solution provides safe, convenient ways for customers to make digital payments online and in stores. Prairie Cloudware completed a $3.2 million capital raise from Invest Nebraska and several local investors to fund commercialization. About a year earlier the company raised a first round of capital, mainly from local investors, which allowed it to hire a team of payments veterans. Prairie Cloudware develops mobile payment solutions aimed at allowing bank and credit union customers to make payments safely and conveniently. The company is early stage and is building a prototype and team in the Omaha/Lincoln area. Kevin Kammer is CEO and the company emphasizes serving financial institutions that wish to protect their payment franchise. Management cites market opportunity projections for mobile payments to underscore demand for its solutions. The recent capital raise will fund research and development and prototyping of key components of its solution set. Prairie Cloudware positions itself as focused solely on mobile payment solutions for banks and credit unions.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2014