Intel, MasterCard Back mFoundry with $18M

MasterCard Inc. led an $18 million round for mobile banking company mFoundry, the company announced Monday. Intel Capital, FIS and Motorola Mobility also participated in the round. MasterCard and Intel are new investors in mFoundry. The financing will go toward the development of new payments-related mobile products and services. mFoundry is based in San Francisco.

5 December 2011•3 mins read
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