ClairMail, Inc., a San Rafael, CA-based provider of mobile solutions for banking, payment and card services, has secured $13.8m in financing.
The round was led by Investor Growth Capital, with participation from JAFCO Ventures, Northwest Venture Partners and Outlook Ventures.
Founded in 2004, the company will use the financing to grow its technology infrastructure and service capabilities to meet the growing demand for mobile financial services.
Data released by comScore showed that 13.2 million people accessed their bank accounts from their phones during the month of April 2010 – a 70% increase from one year ago.
The ClairMail mobile banking solution processes millions of transactions per month for its customers across retail banks, credit unions and card service companies — providing consumers with easy access to their accounts via multiple modes, including SMS, mobile web and client application, on virtually any mobile device.