Ensygnia bags USD3.3m for mobile commerce

Secured funding

Ensygnia, a London-based mobile payments firm, has received USD3.3m from Wayra, a startup accelerator run by Spanish telecoms companyTelefonica.

Ensygnia, which launched 2012, allows users to pay for items by scanning websites through their phones that are set up to work with the app. As part of the deal Wayra will provide Ensygnia with office space, mentoring and board advisors. The money will be used to move Ensygnia out of beta and expand itself internationally.

Co-Founder and CEO Richard H Harris said: “We have just completed one of the most successful and largest seed funding rounds for a pre-revenue, pre-product company in the UK this year and have now secured a market valuation of more than USD20m.

“We are already moving quickly with a wide range of potential Onescan partners and customers and this backing is helping us to accelerate even faster – by expanding our development team for example,” he added. 

“Through Wayra we have also secured a very powerful global mobile partner in Telefonica and I believe we are ready for take-off.  With this level of support and backing I believe we will very quickly demonstrate our market traction and move towards a significant Series A VC investment round as the next stage in our international growth.”


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