Company type
Provider of mobile banking and payment solutions.Overview
Founded in 2004 and serving more than 850 clients, mFoundry's customer-focused solutions had become a leading platform for mobile banking and mobile retail and have been adopted by some of the largest banks, credit unions, payments processors and retailers in the United States.
Funding rounds
Acquisition USD 120,000,000
USD 120,000,000 ( ) at USD 150,000,000 pre-money valuation
"FIS anticipates paying approximately $120 million in cash to acquire the remaining 78 percent ownership interest in mFoundry."
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Fidelity National Information Services Inc (FIS) | Leading provider of bank, mortgage, and financial institution processing and outsourcing | USD 120,000,000 (USD 120,000,000) Follow-on investment. Led the round. |
N/A
( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Intel Capital Corp | Intel's strategic investment program for equity investments/ acquisitions to grow the Internet economy in support of Intel's strategic interests. | Initial investment. | |
|
MasterCard International Inc | The operating subsidiary of MasterCard Inc. | Initial investment. | |
|
Motorola Mobility Ventures | Initial investment. |
Series C
( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Apax Partners Inc | Initial investment. | ||
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|
Global Retail Partners (GRP) Inc | Initial investment. | ||
|
Ignition Partners LLC | Venture-capital firm founded by former employees of Microsoft and McCaw Cellular. | Initial investment. | |
|
Motorola Ventures | Initial investment. | ||
|
NCR Corp | Initial investment. | ||
|
PayPal Inc | Web-based payment services. | Initial investment. |
Series B
( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Apax Partners Inc | Initial investment. | ||
|
|
Ignition Partners LLC | Venture-capital firm founded by former employees of Microsoft and McCaw Cellular. | Initial investment. |
Investment activity status
Active investor