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Mobileware Technologies raises $4.75 M from Denmark's Kvanto Payment Services
Mobileware Technologies, a Mumbai-based API banking and digital payments company, has raised USD 4.75 million from Denmark's Kvanto Payment Services to fund the development of advanced product features for its hosted API banking platform as well as other banking-tech products. The company's marketing and sales initiatives will also be expanded to increase its presence in the banking and payments sector in India and overseas. Mobileware's flagship product – TransXT –extends a bank's digital infrastructure/services to businesses as simple plugins. Fintechs have easy access to Mobileware's platform through integrated SDK access over mobile and other devices. DAM Capital Advisors Limited was the exclusive financial advisor to Mobileware for the transaction.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.