Mozido, a cloud-based mobile payment, shopping and marketing platform provider, has received the first $30 million of a $70 million institutional investor round led by an undisclosed Boston-based fund, the company announced in a December 4 press release.
The fundraising will be used to facilitate future acquisitions, as well as underpin Mozido’s global growth aspirations.
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Mozido also announced that Ric Duques, a former executive for First Data, will serve as the company’s chairman of the board.
To learn more about Mozido’s recent developments, read the full press release here.
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