SimplyTapp raises USD 5.9 mln in Series B founding round

Friday 5 December 2014 09:06 CET | News

SimplyTapp has raised USD 5.9 million of a Series B financing round from undisclosed new investors and existing investors Blue Sky Capital and Lightspeed Venture Partners, bringing the total amount of funding raised to date to USD 7.6 million.

The capital will be used to continue the development of its cloud based secure element (SE) solution for NFC mobile payments, access control and in-app payment solutions for banks, payment card issuers, transit authorities and retailers.

SimplyTapp is a developer of cloud-based mobile payment technology. Founded in 2011, SimplyTapp creates open platforms that enable developers to leverage mobile devices for tap-payments and other real-world transactions. The companys first platform leverages host card emulation (HCE) in conjunction with near field communications.

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Keywords: SimplyTapp, Blue Sky Capital, Lightspeed Venture Partners, cloud, secure element, SE, NFC, mobile payments, in-app payment, HCE, payment
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce