Malauzai Software Inc., an Austin, TX -based provider of mobile banking applications for community financial institutions, has raised $2.3m in funding.
Backers include Live Oak Banking Company.
The company intends to use the funding to continue to expand in mobile banking and to pursue strategic partnerships.
Incorporated in 2009 by Chief Executive Officer, & Chairman of the Board Tom Shen and chief product officer Robb Gaynor, Malauzai provides a proprietary SmartApp platform designed to enhance the experience of customer of banks and credit unions.
The company’s SmartApps are available for smartphones and tablets (iPad/Android).
Malauzai recently formed distribution partnerships with Catalyst Corporate Credit Union and CFC Technology.