GMO and MediaTek co-led a round that took the total raised by the mobile payment service, which is also backed by Cisco and American Express, to about $80m.
One MobiKwik Systems, the India-based operator of mobile payment network MobiKwik, has secured “about $50m” in a corporate-backed series C round, the Economic Times reported today.
The round was co-led by GMO Global Payment Fund, the fintech investment unit for Japan-based internet company GMO, and Taiwan-based fabless semiconductor manufacturer MediaTek.
Venture capital firm Sequoia Capital and hedge fund Tree Line Asia were also involved in the round, which closed late last month.
MobiKwik is an online payment platform that serves…
