• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Fintech.ca

Your Source for Canadian Fintech News

 
 
  • News
  • Thought Leaders
  • Interviews
  • Job Board
  • About

Mobeewave Closes US$16.5 Million Round Led by Mastercard

November 15, 2018 by Fintech Newsdesk Leave a Comment

Montreal’s Mobeewave has announced that it has closed a US $16.5 million Series B round of funding led by NewAlpha Asset Management, Mastercard and Forestay Capital.

Including the main founding shareholders of the company and secured with the support of Oakland Partners, the strategic funding will enable Mobeewave to continue to deploy its patented solution in markets around the world and develop new product offerings.

The fintech startup is the world’s first and only provider of mobile payment solutions which enable secure contactless payment acceptance on smart devices, without the need for external hardware.

In line with payment industry security standards and offered as a white-label solution, Mobeewave’s bring-your-own-device technology allows financial institutions, network providers and non-profit organizations to serve their clients and merchants with an inexpensive and convenient alternative to traditional point-of-sale offerings.

Earlier this year, Mobeewave signed a global partnership agreement with Samsung Electronics making the Canadian FinTech’s platform available for commercial use on more than 250 million Samsung devices around the world.

Filed Under: News Tagged With: Mastercard, Mobeewave

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 

Email Newsltter

LinkedIn
Twitter
Facebook
RSS

Founding Sponsors

Recent Posts

  • Montreal’s Dello Wants Crypto Payments to Be Simple as Debit or Cash
  • The 10 Best-Funded PropTech Startups in Canada
  • Q+A with Key Co-founder Daniel Dubois on Real Estate Co-ownership
  • Second-Annual Property Technology Report Highlights Health of Ecosystem in Canada
  • Canada Looks to Eradicate Legacy Payment Systems by Building the Real-Time Rail

Copyright © 2022 Incubate Ventures