Canadian NFC payments entrant Mobeewave has secured a $6.5 million funding round led by SBT Venture Capital.
According to the company, the investment will be used to support market expansion and the accelerated roll-out of its products. Mobeewave’s proposition enables any NFC-enabled phone to be used as a contactless mPOS terminal to receive payments from ApplePay, contactless cards or NFC wallets without the use of any additional hardware.
Mircea Mihaescu, managing partner of SBT Venture Capital, said: “We believe Mobeewave has the potential to become the leading provider of mobile payment acceptance services. Mobeewave’s technology is designed to bring together and create seamless integration between the next generation of NFC mobile devices, banking services and merchants.”