Mobile device and location verification service Zumigo has raised $6m in series B round from Intel Capital and Aligned Partners.
Zumigo, a US-based provider of mobile device location and identification software, has raised $6m in a series B round led by Intel Capital, the corporate venturing unit of semiconductor manufacturer Intel.
Venture capital firm Aligned Partners also participated in the round, which will support product development and investments in Zumigo’s sales and marketing teams.
Zumigo works with financial institutions to enable secure payment transactions and prevent fraud for retailers and consumers, using a customer’s mobile phone location to determine whether…
