Mastercard explores Dynamics for $70m series C

Dec 9, 2014 • Robert Lavine

The payment technology company will partner with Mastercard after closing a round that increased its overall funding to $110m.

US-based online payment technology developer Dynamics closed a $70m series C round yesterday backed by investors including payment services provider MasterCard.

Mastercard was joined in the round by the Canadian state-backed CIBC, Bain Capital Ventures, which acts as the venture capital unit of private equity firm Bain Capital, and VC firm Adams Capital Management.

Dynamics has developed both smart battery-powered payment devices and payment platforms for online use, and will partner with Mastercard to issue the cards.

The capital will…

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