Financial Inclusion

Mobile Commerce Security is the Name of the Game

Coupons, rewards, and data oh my! These startups are in the business of keeping customers and other businesses secure while they enjoy the benefits of mobile commerce. Find out who got what and how much.

Coupons, rewards, and data oh my! These startups are in the business of keeping customers and other businesses secure while they enjoy the benefits of mobile commerce. Find out who got what and how much.

 

Satago, May 15, $1M

Automated credit control business, Satago has secured $1M in second round funding.

E-merge, BDMI, Edward Wray, William Reeve and AngelList all participated heavily in the round.

Satago’s platform anonymously and automatically reports when clients get paid.

The company’s plans for the funds have not yet been disclosed.

 

Passworks, May 14m $1M

Lisbon-based startup, Passworks has closed $1M seed investments.

Portugal Ventures and Faber Ventures reportedly led the round.

Passworks facilitates coupons and offers distribution across various channels for brands in real time.

The funding will likely support the company’s recently launched beta platform.

 

Swagbucks, May 13, $60M

Swagbucks, the rewards community web-based activity, raised $60M in its first funding round.

Technology Crossover Ventures is cited as the company’s new investor.

"Currently, the company offers six rewards channels: searching, shopping, entertainment, discounted offers, surveys, and games. But only three of those are currently on mobile, and the company now wants to bring the rest on board.” Reports VatorNews.

Swagbucks plans to use the funding to expand across Europe.

 

BodeTree, May 14, $2M

Financial guide to small businesses, BodeTree recently raised $2M in funding.

Greenline Ventures was the only publicly named investor for this round.

BodeTree assists small businesses with day-to-day accounting software.

The funding will develop BodeTree’s user base and platform.

 

Auxmoney, May 13, $16M

Peer-to-Peer loan online marketplace, auxmoney, closed $16M in funding.

Foundation Capital, Partech Ventures, Scott Bommer, Index Ventures and Union Square Ventures all reportedly participated in the funding round.

"We are about to witness a major shift in consumer behaviour towards peer-to-peer loans. As clear market leader in Germany, auxmoney is right at the forefront of this development,” said auxmoney CEO and co-founder Raffael Johnen in a press release. “With our new partners on board, we are ready to turn crowdlending into an integral and mainstream element of Germany’s consumer finance landscape."

The funds will help the company expand its lending and investment platform.

 

Boxed, May 13, $6.5M

Boxed, the mobile commerce firm has closed $6.5M in Series A funding.

Greycroft Partners, First Round Capital, Signia Venture Partners, ENIAC Ventures, Social Starts, BoxGroup, and others participated in the round.

Boxed is unique for facilitating mobile orders of big box products with astounding efficiency.

"The incredible adoption of Boxed in communities across America since our launch last August has been inspiring. Our customers have discovered that you don’t need to pay a $99 membership fee for 2-day shipping or to access warehouse club savings,” said Boxed CEO and founder Chieh Huang. “This new round of funding will allow us to deliver goods even faster to customers across the country."

 

OpenDNS, May 15, $35M

Cloud-delivered security provider, OpenDNS, has closed a $35M investment round.

Greylock Partners, Sequoia Capital, Sutter Hill Ventures, Glynn Capital, Cisco, Evolution Equity, Lumia Capital, Mohr Davidow Ventures, and Northgate Capital all participated in the round.

“The erosion of the corporate IT perimeter brought on by cloud computing, mobile computing and the use of personal access devices demands a new type of network security that is always on, friendly to the employee, and doesn’t hamper performance, wherever the user may be,” said David Ulevitch, CEO of OpenDNS in a press release. “We identified this market opportunity several years ago. Since then we have built the team, threat intelligence-gathering infrastructure, and the security enforcement platform needed to provide businesses with seamless protection from cyber threats. OpenDNS represents an emerging best practice for enterprises responding to the rapidly evolving IT and security landscape."

Plans for the funding would aid in development and growth.

 

BitPay, May 13, $30M

BitPay has closed $30M in Series A funding.

Index Ventures. Horizons Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, Sir Richard Branson and AME Cloud Ventures all participated in the round.

"BitPay now processes $1 million per day in bitcoin payments for over 30,000 merchants, 50% of whom are in the U.S., with 30% in Europe and 20% across the rest of the world.” According to a press release.

PYMNTS.com has more information on BitPay’s investment.

 

Sift Science, May 14, $18M

Online fraud detection platform, Sift Science, has closed $18M in Series B funding.

Spark Capital reportedly led the round.

The funds will develop the team and accelerate revenue initiatives.

 

Anaplan, May 13, $100M

Anaplan has completed $100M in Series D Funding.

DFJ Growth, led the round with participation from Brookside Capital, Coatue Management, Sands Capital Management, Workday, Granite Ventures, Meritech Capital Partners, salesforce.com, and Shasta Ventures.

The funding “will enable Anaplan to reinforce its groundbreaking success as the new foundation of business planning and execution, enabling organizations to continuously align to market opportunities.” states Anaplan’s recent press release.

 

 

 

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Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 AML/KYC Tracker provides an in-depth examination of current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space.

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