• Fintiv

  Participated · Equity · Dec 2013

  Mozido operates a white-label, cloud-based mobile payments and consumer engagement platform called MoTEAF that supports mobile financial services, loyalty programs, and mobile offers. The company is expanding its platform capabilities through strategic transactions to support both cloud-based and hardware-based secure element solutions for NFC payments. Mozido recently made a strategic investment in HCE pioneer SimplyTapp to gain access to patented host card emulation technology and cloud-based credentials management. That investment complements Mozido’s majority acquisition of CorFire, adding Trusted Service Management (TSM) and tokenization capabilities. Together, Mozido says the combined capabilities will enable plug-and-play card issuance and NFC tap-to-pay support for merchants, banks, and branded mobile applications. Mozido positions these integrations to deliver tokenized offers, stored-value, private-label and network-branded cards, and interoperable loyalty and payments experiences to its customers globally. Led by founder Michael Liberty, Mozido offers MoTEAF, a cloud-based platform that enables merchants, CPGs, financial institutions and government agencies to deliver mobile solutions such as bill payments, airtime top-up, person-to-person and merchant payments, loyalty programs, direct deposit of government payments, and customized marketing via basic SMS devices or smartphones. MoTEAF works with any wireless carrier or mobile device and integrates with products from other vendors. Mozido operates nationwide mobile payment and marketing implementations in the Caribbean, Latin America and the United States. The company intends to use recent funding for strategic acquisitions to accelerate growth of its ecosystems of financial, payment and marketing mobile services. It plans to expand its global presence through additional acquisitions in China, India, Africa, Europe, Latin America and the Middle East. Mozido provides an integrated platform of cloud-based, white-label mobile payment, shopping and marketing solutions complemented by real-time customer behavior analytics. The platform works with any wireless carrier or mobile device, including smartphones and feature phones, and is designed to serve both banked and unbanked consumers. Mozido targets customers in retail, financial services, consumer packaged goods and telecom. The company has operations in the US, Mexico, Central America, the Caribbean, the Middle East and Southeast Asia, with expansion into India and Africa coming soon. Founded by Michael Liberty and based in Austin, TX, Mozido announced leadership changes with Ric Duques becoming chairman of the board. The company intends to use recent funds to accelerate growth organically and through strategic acquisitions. Mozido offers a complete suite of mobile financial services that process transactions to move money, pay bills, make purchases and accept social payments across mobile devices, POS terminals and the Internet. The company works with financial institutions, mobile network operators and retailers to deliver global financial services to unbanked and under‑banked consumers. Mozido plans to launch a number of commercial deployment programs in 2011 specifically serving the unbanked population. To support these initiatives and drive growth, Mozido secured growth funding from TomorrowVentures. Established in 2006 and led by CEO Craig McNeil, the company is based in Dallas, Texas. The funding is intended to expand commercial deployments and partner offerings for reaching unbanked consumers.

• Prosper Marketplace

  Participated · Equity · Jan 2013

  Prosper Marketplace operates a peer-to-peer lending platform and offers a broad product mix including personal loans, a credit card, home equity products, and investment offerings. The company reported strong recent growth, facilitating over $1 billion of personal loan originations in the third quarter (more than 2x year‑over‑year growth). Prosper now has over 150,000 customers for its credit card product, which launched last December, and recently introduced a fixed‑rate home equity loan that complements its existing home equity line of credit. The business says it has helped 1.5 million people to date. Management intends to use new capital to accelerate investments across its products and expand its reach as a financial technology platform. The company frames itself as purpose‑driven and positioned to scale over the coming years. Prosper Marketplace operates an online consumer lending platform that connects borrowers seeking fixed-rate, fixed-term personal loans with individual and institutional investors. Borrowers use the platform for debt consolidation and large purchases, while investors access consumer credit investment opportunities under Prosper’s data-driven underwriting model. Prosper reported monthly loan originations have grown steadily since July 2016 and an estimated net return on January 2017 production of 7.86%. The company has originated over $8 billion in personal loans to date and is focused on diversifying its investor base by bringing new banks and institutional investors onto the platform. Management said the recent deal provides funding stability and capital markets expertise as Prosper aims to grow the marketplace and achieve profitability in 2017. Prosper is a leading US peer-to-peer lending marketplace connecting individual investors with borrowers. The company received a $13 million investment from Russian fund Target Ventures, as reported by Rusbase. The financing was Target Ventures' first U.S. investment and coincided with the fund opening a San Francisco office to manage its U.S. activities. To run those U.S. activities Target Ventures appointed Andrey Kazakov, a former general partner at Foresight Ventures. The article does not provide operating metrics or detailed use of proceeds for Prosper. The report frames the deal within Target Ventures' broader strategy of investing in digital consumer companies abroad. Prosper Marketplace operates an online marketplace for consumer credit that connects people who want to borrow money with people who want to invest. The platform offers a digital application experience intended to simplify unsecured personal loans and reduce wait times compared with traditional channels. Over the past six years more than $3 billion in personal loans have originated through the Prosper platform. The company reported a record quarter with nearly $600 million in loans originated, up 200% year-over-year. The new funding is intended to support continued growth, expansion and the development of a national brand as Prosper builds new products and services for borrowers and investors. Prosper is headquartered in San Francisco and is the parent company of Prosper Funding LLC. Prosper.com operates a U.S. peer-to-peer marketplace connecting individual borrowers and lenders for consumer credit. Launched in 2006, the company was halted by the SEC in 2008 and relaunched in 2009 after resolving registration issues. Under CEO Aaron Vermut and his team, Prosper has focused on product improvements and attracting new lenders and borrowers. Monthly platform originations grew from $9 million in January 2013 to over $100 million in April 2013, and Prosper crossed $1 billion in cumulative loans with plans to hit $2 billion this year. Loan originations grew over 400% year-over-year and were up 30% month-over-month; at the end of April Prosper had a 35% share of the online consumer peer-to-peer lending marketplace. The company says it will remain focused on the consumer credit market and has no plans for an IPO at this time.

No current team members are available.