Famoco

paymentsmobile/digital walletpos/mobile posproximity mobile payments

FOUNDING YEAR: 2010
LOCATION: France
Last Update: 17/07/2020

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About

Companies rely on B2C tools (smartphones) to digitalize their business operations, which causes a lack of privacy & security, a high risk of stolen smartphones, and complex deployments. Thats why Famoco has designed mobile devices with zero-street-value, protecting your privacy, and remotely manageable from one SaaS platform. It allows you to deploy any business app in the field quickly and securely.

MEDICI Analysis

The company has developed Android-based NFC reader with a 3G module for the management of professional applications such as a mobile POS (point of sale) reader, ID reader, access control and attendance tracking. Founded in 2010 and with offices in Paris, Hong Kong and Beijing, FAMOCO is a software company which specializes in designing breakthrough NFC solutions.

Focus

PRODUCTS & SERVICES

NFC Reader Terminals

REVENUE MODEL

Company earns revenue by selling the device for $150

MAIN CLIENTS

Orange

Google

Medisys Dialog

CEV

Airtel and Payintech

EXISTING PARTNERSHIPS

Gemalto

Ask

Daxium

Inside Secure

NXP

Mobilis

Orange

CARD4B

Traction

VALUATION / MARKET CAP:

$29.38 M in 2015

People

FOUNDERS

Lionel Baraban

Nicolas Berbigier

BOARD MEMBERS AND ADVISORS

Nicolas Berbigier

Lionel Baraban

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Aurinvest

BNP Paribas Développement

BpiFrance

Fast Forward

Hi Inov

Hi Inov - Dentressangle

IDinvest Partners

Orange Ventures

Momentum

FUNDED

YES

TOTAL FUNDING

$22.49 M

DATE OF LAST FUNDING

Feb 2017

SEED & PRIOR FUNDING

$5.41 M

FUNDING SERIES

SERIES A  · $4.41 M  · Jul 2015

SERIES B  · $11.67 M  · Feb 2017

OTHERS  · $1 M · Oct 2013

LISTED

NO

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