Digital card technology provider Ondot Systems had raised more than $50m from investors including Citi Ventures and Intel Capital.

Financial services technology producer Fiserv agreed yesterday to acquire US-based digital card technology provider Ondot Systems in a deal of undisclosed size that will allow corporates Intel and Citi to exit.

Founded in 2011, Ondot has created a suite of digital tools that help financial services firms increase engagement from cardholders, including a mobile app that helps onboard customers and offer them instant alerts and assistance in real time.

The company had raised $18m as of 2014, when it was…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.