Sequent, a US-based provider of trusted service manager (TSM) software, has closed $12m in series B funding led by SBT Venture Capital , the early stage strategic venture capital fund whose principal investor is Russia-based bank Sberbank. Existing, financial investors Opus Capital and Jado Investments also participated.
The funding will be used to scale up commercial deployments of Sequent’s near-field communications platform, which enables consumers to securely download payment cards and other credentials to their mobile devices.
Previously, Sequent raised…
