The investment is expected to support the expansion of the company globally as well as the launch of the platform, which is scheduled to launch early next year.
C$ cMoney, a Houston, Texas-based mobile platform for the financial services industry, has secured $100m financing commitment from AGS Capital Group, LLC.
C$ cMoney’s mobile payment platform aims to allow consumers to send money or pay for goods and services through mobile phones anywhere that cash, checks or credit cards are accepted. The application will contain patented security technologies that eliminate exposure to identity and credit card theft.
C$ cMoney will support iPhone, BlackBerry and Android, among others.