MOBIbucks Raises $5m in Series A Funding
Summary
MOBIbucks, a Louisville, KY-based provider of mobile payment and marketing solutions, has raised $5m in Series A funding.The round was led by Acadia Woods Partners, with participation from new and existing angel investors.Led by founder and CEO Jorge Fernandes and president Tom Recktenwald, MOBIbucks provides mobile payments and mobile marketing solutions that allow users to make purchases using a mobile phone number, without the need for a phone in their possession.Based upon a patent-pending technology platform, the company also provides a tool that enables banks and merchants to offer coupons, loyalty rewards, and gift cards to engage consumers.In the past few months, MOBIbucks has signed on several major restaurant chains in the US.
Funding
Amount
$5.0M
Total raised
Date
July 5, 2011
Announcement date
Investors
-
Lead investors
Company
http://www.MOBIbucks.com
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
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