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…