Net Element raises USD 11.2 mln in funding

Thursday 24 April 2014 09:26 CET | News

Net Element, a technology-driven group specialising in mobile payments and value-added transactional services in emerging countries and in the US, has completed the first closing of USD 11.2 million from a new investor, Cayman Invest.

The USD 11.2 million raise is part of a larger financing round totalling USD 30 million.

In January 2014, Net Element unveiled that Aptito, a cloud-based point-of-sale platform for restaurants, achieved Visa Ready status for their mPOS solution.

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Keywords: Net Element, funding, mobile payment, emerging countries, US
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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