Mariposa Holdings Group, a Boston MA- and Sao Paolo, Brasil-based mobile value added services company, completed an over $3.5M first round of debt and equity financing.
The round was led by HOF Capital Fund I with participation from investors Overall Capital, GAAP Financial of Brazil, and individuals from the music, telecommunications, and retail- distribution sectors.
The company has created a portfolio of services including:
– Mariposa Marketing, which provides mobile operators across the world with RBT, Value Added Services, and Music with end to end services;
– Mariposa Music, a music serivce for Hispanic Mobile markets in the US and Latin America; and
– Mariposa Money, which takes money transfer and remittances services to consumers world-wide.