Payfone’s Valuation Tops $500M

Mobile phone security solutions provider Payfone will receive $10 million from fraud detection tool provider Early Warning Services, Bloomberg reported on October 28.

The deal, part of a commercial agreement between Payfone and Early Warning Services, brings Payfone’s to-date funding to roughly $40 million. With the investment Payfone is now valued at $500 million, a source told the media outlet.

For more on Payfone’s innovative solutions and valuation, click here.  

“What’s Hot” is aggregated content. claims no responsibility for the accuracy of the content published by the original source.

Click to comment