Wednesday, October 24, 2007

mFoundry Adds $15M

San Francisco-based mFoundry, which provides mobile banking and payment software, said Wednesday that it has raised $15M in a Series C round. The round was led by Motorola Ventures, and also included PayPal, NCR Corporation, and two undisclosed wireless operators. The firm said the funding would go to meet domestic and international demand for the firm's mobile banking and payment products. mFoundry has previously raised capital from Apax Partners, Ignition Partners, and GRP. More information »