Citi's Impact Fund and Mastercard were among the investors as the mobile banking software provider secured $12m in series A funding.
US-based mobile banking platform developer Mobility Capital Finance (MoCaFi) received $12m yesterday in a series A round featuring payment services provider Mastercard and financial services firm Citi.
Individual investors Tom Hutton and Wende Hutton co-led the round, while 1Flourish Capital, Radicle Impact Partners, Portfolia Rising America Fund, Partnership Fund for New York City, Commerce Ventures and unnamed family offices also took part. Citi invested through its Impact Fund.
MoCaFi provides a mobile-first banking platform aimed at underserved communities in the…
