ViVOtech bumps funding up to $96 million with undisclosed Series D round

Confirmed funding to date of $73.4 billion

Mobile commerce software and systems provider ViVOtech has raised an undisclosed amount of funding as it closes its Series D financing round estimated to be approximately $23 million. The company’s total confirmed funding to date totals $73.4 billion and the company says this investment brings its funding up to $96 million. Investors in the round are unnamed, but previous ViVOtech backers include First Data CorpMotorola Solutions Ventures and EDBI among others.

ViVOtech provides software and point-of-sale mobile payment technologies relying on near field communication (NFC) and QR code technology. Its most popular product is an NFC payment reader, used by Google Wallet and the Isis system developed by US mobile operators Verizon Wireless, AT&T and T-Mobile USA. It also provides service management, marketing and loyalty software. The fast-growing Californian company will use the funding to drive worldwide expansion and keep pace with mobile payments developments.

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