Private mobile payments company Mozido has raised the $185m first tranche of a planned $400m series B round from investors including payment services firm MasterCard.
US-based mobile financial services provider Mozido has raised $185m of a planned $400m series B round from investors including payment services company MasterCard.
The round also featured investment management company Wellington Management, Sheikh Nahyan of UAE and fund manager Tiger Global Management. Mozido said it has now raised a total of $265m over the past year.
Mozido provides merchants, financial institutions and government agencies with mobile financial, retail and marketing services.
The capital will be used to fuel strategic acquisitions…
