Mozido Raises $30M
Summary
Mozido, Inc., an Austin, TX-based provider of white-label, mobile payment, shopping and marketing solutions, raised the first $30m of a committed $70m round of financing.The round, which brought total funding to over $100m, was led by a Boston-based investment advisor with assets under management of over $500bn.Founded by Michael Liberty, Mozido provides an integrated platform of cloud-based, white-label, mobile payment, shopping and marketing solutions, complemented by real-time, customer behavior analytics that enable companies in retail, financial services, consumer packaged goods and telecom to serve both banked and unbanked consumers.The platform can work with any wireless carrier or mobile device, including smartphones and feature phones.The company has operations in the US, Mexico, Central America, the Caribbean, the Middle East, and Southeast Asia, with expansion into India and Africa coming soon.