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.
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