Mobeewave Closes $6.5 Million Series A Round to Bring Disruptive NFC Mobile Terminalization

Mobeewave, the leader in fast and secure NFC mobile payment acceptance services, announced 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 laid 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 VC 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”.

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