C$ cMoney, Inc., a Houston, Texas-based new mobile technology company, has received $15m in funding from Kodiak Capital Group, LLC of New York City.
The investment is expected to support the expansion of the company as well as the launch this summer of C$ cMoney, an innovative mobile payment platform through cell phones and text messaging, which will enable consumers to send money or pay for goods and services anywhere that cash, checks or credit cards are accepted.
The technology will feature a significantly improved personal security system that eliminates exposure to identity theft.
Commenting on the round, Jennifer L. Pharris, President and CEO of the company, was reported to say: “With this funding from Kodiak Capital, we will be able to accelerate the development of our innovative technology, build out our operations in Houston and support the launch of C$ cMoney”.
FinSMEs
24/03/2010