Transaction Wireless, a San Diego, CA-based mobile infrastructure, commerce and marketing company, received an additional $2m in funding from Mission Ventures and Okapi Ventures, LP, the two venture capital funds that co-led the Series A financing.
The new funds will be used for ongoing technology and customer deployment, sales and marketing.
Transaction Wireless’ initial product portfolio includes a small merchant mobile Point of sale (POS), and a suite of mobile gift card solutions. wCharge allows small merchants to accept credit card payments using a mobile phone. It has already signed agreements with PayPal, AT&T and Verizon and is available on the iPhone and Android platforms. wGift is a mobile stored value CRM platform allowing retailers to create a customer marketing capability via mobile phones through the sale, delivery and management of gift cards and loyalty programs.