MoneyOnMobile, Inc. (OTCQB: MOMT), a one of India’s largest phone-based payment networks, completed a $7.6m Series F funding.
Have a look at the funding structure here.
Led by Harold Montgomery, CEO and Chairman, MoneyOnMobile is a global mobile payments technology and processing company offering mobile payment services through its Indian subsidiary. The company’s solution enables Indian consumers to use mobile phones to pay for goods and services or transfer funds from one cell phone to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or internet site.
MoneyOnMobile has more than 350,000 retail locations throughout India.
The company is based in Mumbai.