• FOUNDING YEAR: 2008
    LOCATION:
    United States
    REGION:
    Texas
    Last Update:
    18 Oct, 2019
    Phone:
    +1 214-800-1800
    Global presence:
    China, India, Germany, Jamaica, Korea, Republic of, United Arab Emirates, Africa, Mexico

Description

FOCUS

PRODUCTS & SERVICES:
Cloud-based mobile payment & loyalty platform for retail merchants, government agencies, financial institutions, etc. The company offers the following products and services such as; Pay - The platform offers the web and mobile payments for pay bills, peer to peer money transfer, pos transactions and airtime top-up services. It also offers white labeled wallet products to the customers. Engage -The platform offers integrated mobile customer engagement solution that helps to maximize customer lifetime value through higher retention and increased monetization Reward - It offers customized reward program services to their customers. mVault - The platform provides B2B payments solution such as optimizing cash flow & purchase orders, ease of payments, maintain real-time records and streamlining the delivery process. MoTEAF(Mobile Transaction EcoSystem Architecture Framework) - The platform acts as a single point of integration, allowing clients to pay, engage and reward through the mobile channel.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
The company clients from financial institutions, MNOs, restaurants, municipalities, mobile telecom providers and consumer packaged goods companies, as well as companies in retail, hospitality, and government industries. Some of the customers Deutsche Telekom AG, Dunkin’ Donuts, TabbedOut etc.
EXISTING PARTNERSHIPS:
Partnered with IdentityMind Global for fraud protection in mobile commerce. Partnered with MoneyGram to enable cash to mobile international remittance service for eZ Cash customers in Sri Lanka.

PEOPLE

FOUNDERS:
Michael A. Liberty
Board Members and Advisors:
Scott Sandlin, Adolfo Salume Artinano, Peter Smith
NUMBER OF EMPLOYEES:
501-1000
INVESTORS:
Tiger Management Corporation, H.R.H. Sheikh Nahyan, Wellington Management, MasterCard, Atlanticus Holdings
KEY EMPLOYEES:
R. Todd Bradley(CEO)

TRACTION

VALUATION / MARKET CAP:
$5.6 Billions in 2016
VALUATION COMMENT
$5.6 billion when it purchased PayEase

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$288.5 Millions
DATE OF LAST FUNDING:
Oct 2014
TOTAL FUNDING COMMENT:
Venture funding: $18.69 M in 2012.
FUNDING SERIES:
SERIES A
$103.5 Millions Closed: May 2014
SERIES B
$185 Million Closed: Oct 2014
LISTED:
NO

LATEST RESEARCH