This funding enables Mozido to grow rapidly, the announcement brings total funding of the company to over USD100m.
In addition, Ric Duques, formerly Chairman & CEO of First Data Corporation until he led its acquisition by Kohlberg Kravis Roberts in 2007 for USD29bn, becomes Mozido’s Chairman of the Board. He said: “This institutional investment is a significant milestone in Mozido’s growth. It validates the business model that visionary founder Michael Liberty has created and will accelerate the global success of Mozido’s mobile payment services.”
Founded by Michael Liberty, Mozido has grown into a global mobile payments company soon to expand in India and Africa. Mr Liberty said: “It’s humbling to have someone with such a sterling reputation as Ric Duques become Chairman of the Board. My vision for Mozido is financial inclusion by delivering disruptively priced financial, payment, and marketing services through the convenience of mobile phones to bring the financially disenfranchised people of the world into an eco-system of hope, opportunity and financial fairness. I have always believed it is possible to do well and do good at the same time.”
Metromile has just landed nearly $200m in Series D funding for its auto insurance payments platform.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
London fintech startup Curve has picked up another $3m in funding to replace all the different payment cards in your wallet with just one.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.