Montreal’s Mobeewave raises $6.5 million to bolster its mobile payment platform

Montréal-based Mobeewave, a company that allows merchants’ mobile devices to accept secure contactless payments via NFC, has raised $6.5 million. The Series A funding was led by Russia-based SBT Venture Capital and will be used to grow the company and “support new market openings worldwide, while fast-tracking the rollout of its products roadmaps.”

Mobeewave was founded in 2011 by Benjamin du Haÿs and Maxime de Nanclas who set out to “revolutionize the payment industry by simplifying the complexity of this ecosystem.”

“We are very pleased to have secured this series A round, led by SBT Venture Capital and joined by other business angels and government investments. The strategic investment from SBT as a FinTechfocus fund and financial-networks oriented actor will be key to our success, for example by supporting the simultaneous deployment of new markets”, said Benjamin du Haÿs, CEO and co-founder of Mobeewave.

“We are very proud to announce the first investment of 2015. We believe Mobeewave has the potential to become the leading provider of mobile payment acceptance services”, said Mircea Mihaescu, Managing Partner of SBT Venture Capital. “Mobeewave’s technology is designed to bring together and create seamless integration between the next generation of NFC mobile devices, banking services and merchants”.

Ian Hardy

Ian Hardy

Ian is publisher at MobileSyrup. He's been quietly creating and building things for years and is completely addicted to Tim Hortons.