Mozido Raises Acquisition Funds

US-based mobile payments and marketing platform Mozido has secured a two-part round of Series B funding of up to $400m, which it will use to expand globally through acquisitions in China, India, Africa, Europe, Latin America and the Middle East.

Mozido's MoTEAF payment, shopping and marketing solutions platform is combined with real-time customer behaviour analytics to allow consumer targeting. Clients can use it to access data from bill payments, airtime top-up, person-to-person and merchant payments, and for loyalty programs and customized marketing.

The first $185m tranche of the two-part funding round has been led by MasterCard, Wellington Management, H.R.H. Sheikh Nahyan of UAE, and Julian H. Robertson, Jr, Chairman and CEO at Tiger Management, and brings the total raised in the past twelve months to $265m.

Company founder Michael Liberty (pictured) comments: 'Our investors validate Mozido's vision for financial inclusion on a global scale and our omni-channel mobile services. These tremendous partners will provide invaluable guidance and advice.'

Web site: www.mozido.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.