Monday, December 5, 2011

mFoundry Deposits $18M More

San Francisco-based mFoundry, which develops mobile banking software-as-a-service for banks and credit unions, announced today that it has raised $18M in a new funding round. The round was led by MasterCard, and also included Intel Capital, FIS, and Motorola Mobility. Both MasterCard and Intel are new investors in the company. mFoundry said the funds will go towards new payments related products and services. mFoundry is headed by Drew Sievers, and says it now has moer than 600 mobile banking and payment customers. More information »