Founded
KANDO id: 356079

Corporate information

Official name
mFoundry Inc
Registration country

Company type

Provider of mobile banking and payment solutions.

Overview

Founded in 2004 and serving more than 850 clients, mFoundry's customer-focused solutions had become a leading platform for mobile banking and mobile retail and have been adopted by some of the largest banks, credit unions, payments processors and retailers in the United States.



Funding rounds

Acquisition USD 120,000,000


USD 120,000,000 ( ) at USD 150,000,000 pre-money valuation
"FIS anticipates paying approximately $120 million in cash to acquire the remaining 78 percent ownership interest in mFoundry."

Profile Country Notes
Fidelity National Information Services Inc (FIS) Leading provider of bank, mortgage, and financial institution processing and outsourcing USD 120,000,000 (USD 120,000,000) Follow-on investment. Led the round.

N/A


( )

Profile Country Notes
Intel Capital Corp Intel's strategic investment program for equity investments/ acquisitions to grow the Internet economy in support of Intel's strategic interests. Initial investment.
MasterCard International Inc The operating subsidiary of MasterCard Inc. Initial investment.
Motorola Mobility Ventures Initial investment.

Series C


( )

Profile Country Notes
Apax Partners Inc Initial investment.
Global Retail Partners (GRP) Inc Initial investment.
Ignition Partners LLC Venture-capital firm founded by former employees of Microsoft and McCaw Cellular. Initial investment.
Motorola Ventures Initial investment.
NCR Corp Initial investment.
PayPal Inc Web-based payment services. Initial investment.

Series B


( )

Profile Country Notes
Apax Partners Inc Initial investment.
Ignition Partners LLC Venture-capital firm founded by former employees of Microsoft and McCaw Cellular. Initial investment.

Profile Country
GRP Partners


Investment activity status
Active investor

Current team

Current team

Financials