Credorax joins the VC’s other recently added prestigious portfolio companies including: Ruckus Wireless, which went public in November 2012, sMedio as well as Ubiquisys, which was recently acquired by Cisco. Based in Tokyo, Japan, Mobile Internet Capital’s shareholders include: NTT docomo, Internet Research Institute and Mizuho Securities.
“We are very pleased to have Credorax join our portfolio of companies,” said Mikihide Katsumata, President and CEO of Mobile Internet Capital. “Based on Credorax’s success in Europe’s cross-border e-market, and more recently their innovation and traction in mobile payments, we believe the company has the potential to become a key acquirer in Japan.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.