Powa Technologies Raises $76M in Financing

Powa Technologies Limited, a London, UK-based provider of a platform that allows consumers and businesses to make transactions through mobile devices, raised approximately $76m in financing.

An unnamed backer took a less than 25% stake in the company.

The investment will allow the company to hire up to 250 more employees in the UK and 200 more employees elsewhere in the world (read here).

Founded in 2007 by Dan Wagner Powa offers a device (PowaPIN) that allows credit and debit card payments to be taken through a mobile phone app for iPhone, iPad, Android, Windows or Blackberry devices, and a card reader.



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