Denver-based Mocapay, a mobile gift, loyalty and marketing provider, closed a $3.0m funding from Spartan Mobile, Lacuna and other investors.
Mocapay, which was funded in 2006, provides a platform that supports integrated mobile payments, marketing, and distribution at point-of-sale. It was successfully tested with a select number of merchants and consumers in a Boulder, Colorado pilot in 2007.
The proceeds will be used to support new customer implementations, expand business development efforts and develop additional enhancements to the mobile commerce platform, for both payments and marketing services.
Commenting on the investment, Chris Martin of Spartan Mobile, said “We look forward to the opportunity to help Mocapay grow and establish themselves as the leader in the mobile payments and marketing space.
“We see the tremendous value and potential of Mocapay, as they continue to expand their footprint among merchants’ gift, loyalty, and marketing programs”.