Mobeewave, the leader in fast and secure NFC mobile payment acceptance services, has secured Series A investment worth US$6.5 million in a round led by SBT Venture Capital to fuel rapid growth and support new market openings worldwide, while fast tracking the roll out of its products roadmaps.
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 company which is founded by Benjamin du Haÿs and Maxime de Nanclas, said that it brings viral merchants terminalization to the payment markets and greatly boosts mobile payment initiatives such as ApplePay and any wallet program by leveraging on merchants’ own NFC devices.
Benjamin du Haÿs, CEO and co-founder of Mobeewave
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.
Maxime de Nanclas, COO & 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.
