MONTREAL, Quebec--(BUSINESS WIRE)--Mobeewave, the leader in fast and secure NFC mobile payment acceptance services, announced today that it has secured Series A investment in a round led by SBT Venture Capital. This new strategic funding will fuel Mobeewave’s rapid growth and support new market openings worldwide, while fast tracking the roll out of its products roadmaps.
Mobeewave is the world's first and only provider of dongle-free NFC mobile payment terminal solutions enabling payment acceptance on smart devices. The Montreal-based company turns any NFC-enabled phone (or other smart device) into a secure contactless payment terminal (mobile POS) to receive payments from ApplePay, contactless cards or any NFC wallets without the use of any additional hardware. Mobeewave supplies services to banks and merchants that metamorphose the payment landscape while creating a spark in the user experience.
The foundations of Mobeewave were layed in 2011 by founders Benjamin du Haÿs and Maxime de Nanclas, respectively coming from the payment and mobile industries. The pair aspired to revolutionize the payment industry by simplifying the complexity of this ecosystem. By leveraging on merchants’ own NFC devices, Mobeewave brings viral merchants terminalization to the payment markets and greatly boosts mobile payment initiatives such as ApplePay and any wallet program.
“We are very pleased to have secured this series A round, led by SBT Venture Capital and joined by other business angels and government investments. The strategic investment from SBT as a FinTech-focus fund and financial-networks oriented actor will be key to our success, for example by supporting the simultaneous deployment of new markets”, said Benjamin du Haÿs, CEO and co-founder of Mobeewave. “This new funding will encourage the development of our growing team while boosting the roll out of our various product maps. It will also help further embed our ecosystem in the payment network by leveraging on our earlier victories in terms of certifications and payment network acceptance”, said Maxime de Nanclas, COO & co-founder of Mobeewave.
“We are very proud to announce the first investment of 2015. We believe Mobeewave has the potential to become the leading provider of mobile payment acceptance services", said Mircea Mihaescu, Managing Partner of SBT Venture Capital. "Mobeewave’s technology is designed to bring together and create seamless integration between the next generation of NFC mobile devices, banking services and merchants”.
Mobeewave created the world’s first and only add-on-free mobile payment solution that turns any NFC phone (or any other smart device) into a mobile payment terminal (mPOS). Mobeewave’s technology allows the phone to securely receive payment transactions made with all contactless cards and wallets (ApplePay, HCE…). Provided to the banks’ merchants as an App, Mobeewave’s core technology – Bee™ - allows them to take contactless payments leveraging on their own devices while offering the best user experience to the customer. Mobeewave’s services and nested technologies such as Hive™ provide gateways and banks with cost-efficient, easy-to-scale and simple-to-manage global NFC mPOS services. Mobeewave provides the highest level of payment security leveraging on tokenization and EMV and is approved by major payment brands worldwide.
For more information, please visit www.mobeewave.com
About SBT Venture Capital
SBT Venture Capital manages a FinTech fund investing in the most promising start-ups of the financial industry worldwide. SBT VC brings together considerable experience in the banking industry, an incredible network of financial services companies and related technology vendors, and one of the biggest banks on the planet as primary partner. SBT VC focuses on early-stage growth companies who already generate revenue, but are in need of capital and the right network to reach scale.
For more information, please visit www.sbt-vc.com