Mobile Commerce

Mozido Jumps on the Mobile POS Bandwagon

All the cool kids are doing mobile point-of-sale systems, right? Well, that was potentially part of the thinking process for investors that helped finance the Austin, Texas-based startup called Mozido.

According to an Austin Business Journal article, the mobile payments startup Mozido recently reported a $103.4 million funding round. Founded in 2008 by Michael Liberty, Mozido develops cloud-based mobile payment systems and marketing software.

This is not the first time that Mozido has raked in some serious cash. Back in December, the company announced that it had received the first $30 million of a committed $70 million round of financing that was led by a Boston-based investment adviser.

“My vision for Mozido is to enable financial inclusion by delivering disruptively-priced financial, payment and marketing services through the convenience of mobile phones to the financially disenfranchised people of the world,” Liberty said in a news release at the time.

The company has been continuously growing for several months. For example, In Novembember 2013, Mozido announced that it was given an undisclosed amount of capital to to implement a mobile payment system in El Salvador. Additionally, in March 2014, Mozido bought customer loyalty software maker StickyStreet Inc., which has customers such as Toys-R-Us Inc., Harley-Davidson Inc.

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




Latest Insights: 

The Which Apps Do They Want Study analyzes survey data collected from 1,045 American consumers to learn how they use merchant apps to enhance in-store shopping experiences, and their interest in downloading more in the future. Our research covered consumers’ usage of in-app features like loyalty and rewards offerings and in-store navigation, helping to assess how merchants can design apps to distinguish themselves from competitors.

1 Comment


To Top