Rogers has been setting up its venture operation, Rogers Ventures, with a team led by Greg Tarr and struck its first deal in Payfone, which has also taken on a strategic investment from credit card company American Express
Payfone, a US-based mobile payment service provider, has added $19m from a consortium including credit card company American Express (Amex) as the largest investor and Rogers Communications’ corporate venturing unit in its first disclosed deal.
Rogers has been setting up its venture operation, Rogers Ventures, with a team led by Greg Tarr in Toronto, Canada, and Palo Alto in California.
As part of its funding, Amex and Payfone have signed a strategic alliance to create a global mobile checkout service.…
