Mobeewave secures $6.5 million SBT investment round
16 February 2015 | 6204 views | 1
NFC payments startup Mobeewave has secured a $6.5 million funding round led by SBT Venture Capital.
The three-year old Montreal-based firm turns any NFC-enabled phone into a secure contactless mPOS terminal to receive payments from ApplePay, contactless cards or NFC wallets without the use of any additional hardware.
The company says the funding will support new market openings worldwide, while fast tracking the roll out of its products roadmaps.
Mircea Mihaescu, managing partner of SBT Venture Capital, says the investment is the firm's first big bet of 2015.
“We believe Mobeewave has the potential to become the leading provider of mobile payment acceptance services”, he says. “Mobeewave’s technology is designed to bring together and create seamless integration between the next generation of NFC mobile devices, banking services and merchants”.