1.
MOBILE FINTECH
Sector Overview
June 2015
Deal Discovery Made Easy

2.
TRACXN
Building the largest team of Analysts tracking startups globally for
Venture Capital Funds

3.
Mobile FinTech – Sector Overview
Tracxn: Sectors we track
Illustrative Sectors Tracked
ENTERPRISE
INFRASTRUCTURE
FINTECH MOBILE CONSUMER
ENTERPRISE APPLICATIONS EDTECH
HEALTHTECH
SECURITY
STORAGE
NETWORKING
MOBILITY
IT OPS
CLOUD INFRASTRUCTURE
API MANAGEMENT
BIGDATA INFRASTRUCTURE
PAYMENTS
MOBILE FINANCE
CROWDFUNDING
REMITTANCE
FINANCE & ACCOUNTING
CONSUMER FINANCE
MOBILE COMMERCE
MOBILE PAYMENTS
MOBILE MARKETING
MOBILE DEV TOOLS
MOBILE HEALTH
MOBILE GAMING
MOBILE LEARNING
MOBILE COMMUNICATION
MARKETPLACES
SUBSCRIPTION COMM.
FOOD TECH
INTERNET FIRST BRANDS
UBER FOR X
SHARING ECONOMY
TRAVEL
GAMING
SAAS
MOBILE FIRST ENT. APPS
INTELLIGENT ENT. APPS
OPEN SOURCE
RETAIL TECH
MARKETING TECH
TECHNOLOGY
SMART CARS
SMART HOMES
WEARABLE TECH
BITCOIN
MOBILE PAYMENTS

4.
Mobile FinTech – Sector Overview
Mobile FinTech: Sector Overview
This report covers Mobile-First companies across Payments & Finance (incl. Banking, Personal Finance, Public markets, etc.).
• $2.3B invested in last 5 years in this sector, with ~$1B in last 1.5 years across ~90 rounds
• 5 acquisitions in the last 6 months
• LevelMoney by CapitalOne, WebPay by Line Corp, LoopPay by Samsung, Paydiant by PayPal and ReadyforZero by Avant
• Most Active Investors
• Andreessen Horowitz (invested in Bump, Dwolla, Jumino Netswipe, Boku, QuickPay & Robinhood)
• SV Angels (invested in Bump, BillGuard, Simple, OrderAhead, Expensify, Boku & CardSpring)
• Google Ventures (invested in Gyft, LevelUp, RobinHood, Abacus, Digit & Corduro)
• Most Active Accelerator
• Y Combinator (invested in OrderAhead, Kash, Bump, Swish, Abacus, ReadyForZero & Regalli)
• Most recent investments
• Digit - $11.3M Series A from General Catalyst, Bessemer Venture Partner, Google Ventures, May 2015
• Robinhood - $50M Series B from New Enterprise Associates, May 2015
• Acorns - $23M Series C from Greycroft Partners, E.Ventures, April 2015
• Segments that saw most VC funding in 2015
• Personal Finance Management ($50M), Micro Savings ($34.3M), White Label Wallets ($30.2M),
Vertical Wallets ($30.0M), Mobile Banking ($10.6M)

5.
Mobile FinTech – Sector Overview
Mobile Fintech: Over 450 companies founded in
last 5 years, with an upward trend
35
72
95
110
136
30
2010 2011 2012 2013 2014 2015
Year
# Mobile Finance companies founded between 2010- YTD 2015
(this set includes 1/3rd funded and 2/3rd unfunded companies)
YT
Note: Includes ~470 companies including 160 funded and remaining unfunded

6.
Mobile FinTech – Sector Overview
Mobile Fintech: ~$1BM invested in last 1.5 yrs
across ~90 funding rounds
$172m
$302m
$501m
$405m
$796m
$183m
24
42
76
143
67
22
0
20
40
60
80
100
120
140
160
0
200
400
600
800
1000
2010 2011 2012 2013 2014 2015
No.ofFundingRounds
FundsRaised(in$Millions)
Funding amount & # funding rounds by year (2010-YTD 2015)
Total Funding No. of Rounds
Notable rounds
each year
Boku - $30M
Movilway - $30M
Square - $100M
mFoundary - $18M
Square - $200M
Boku - $35M
Clinkle - $25M
Check - $24M
Square - $150M
Reveal Systems -
$150M
Robinhood - $50M
MobiKwik - $25M

7.
Mobile FinTech – Sector Overview
279
95
64
49
38
31
14
13
8
7
2
mPOS
White Label
Wallet
Public
Market…
Horizontal
Wallet
Micro
Savings
Banking
Vertical
Wallet
PFM
Business
Expense…
Technology
Carrier
Billing
Cumulative Funding across various Mobile Fintech startups in last
12 months (in $ million)
BusinessModel
Mobile Fintech: Top Funded Segments based
on last 12 months investment
Note: Includes funding rounds announced between June 2014 – May 2015
DoPay ($2.0M)
Mobeewave ($6.5M)
Expensify ($3.5M), Abacus ($3.5M)
Tink ($4.0M), MoneyDashboard ($3.7M), Billguard ($3.5M), Splitwise ($1.4M)
Cover ($5.5M), MyCheck ($5.0M), Settle ($1.5M), Momoe ($1.2M)
Monitise ($75.0M), YellowPepper ($19.0M)
RobinHood ($63.0M)
MobiKwik ($25.0M), Yoyowallet ($10.0M), Dwolla ($9.7M), Fastacash($4.0M)
Acorns ($23.0M), Digit ($13.8M), Qapital ($1.3M)
Number26 ($12.6M), Osper ($10.0M), Moven ($8.0M)
Square ($150.0M), Revel Systems ($100.0M), Flint ($9.4M), iZettle ($6.8M), Dream
PayMents ($6.0M), PayClip ($5.2M), Sr.Pago ($1.10M)

8.
Mobile FinTech – Sector Overview
ENTERPRISE-FOCUSEDCONSUMER-FOCUSED
Mobile Fintech: Market Map
Carrier Billings
Payments added to mobile prepaid or subscription prepaid bills
Boku ($78.0M), Mopay ($20.0M)
Vertical Wallet
Mobile wallets that facilitate payments in a particular industry
TabbedOut ($17.5M), OrderAhead ($10.0M)
Horizontal Wallet
Mobile wallets that facilitate payments across different industries
Dwolla ($32.5M), BlingNation ($28.0M)
Banking
Mobile apps that serve as banking frontends.
Simple ($15.3M), Moven ($12.4M)
Personal Finance Management
Mobile apps for tracking and managing personal finances
Check ($47.0M), BillGuard ($16.5M)
Alternate Savings
Mobile apps for periodic micro savings
Qapital ($5.0M), Acorns ($32.0M)
Public Market Investing
Mobile apps that facilitate trading or feature investment research
Robinhood ($66.0M), StockTouch ($500K)
Mobile Accounting
Mobile apps that facilitate business accounting
Acctapp
FinancePayments
$92M
$50M
$86M
Business Expense Management
Mobile apps that help manage business expenses
Expensify ($10.2M), Abacus ($3.5M)
$80M
$290M
$160M
White Label Wallet
Wallet solutions provider to merchants
Monitise ($290.0M), LevelUp ($50.75M)
Mobile Point-of-sale
Point of Sale for handheld devices such as mobile or tablet
SquareUp ($490.0M), iZettle (108.9M)
$1B
$830M $1.48B
$460M
$19M$75M
Note: Indicates cumulative funding in the segment over last 7 years

9.
Mobile FinTech – Sector Overview
VC funding saw a shift from payments to
finance startups
Banking
Business Expense
Management
Carrier Billing
Horizontal Wallets
Micro Savings
mPOS
PFM
Public Market Investing
Technology
Vertical Wallets
White Label Wallets
10
100
1000
2007 2008 2009 2010 2011 2012 2013 2014
FundsRaised(in$Millions)(LogScale)
Average Founded Year
Business model clusters by cumulative funding, average age of start-ups & number of companies
Size of the bubble indicates
number of companies in
the segment
Note: Analysis includes 379 companies across 11 key business models
Emerging finance
segments

10.
Mobile FinTech – Sector Overview
Mobile Fintech: Acquisitions in last 6 months
• Jan 2015 - LevelMoney by CapitalOne for an undisclosed amount. Level
had raised $5m from Kleiner Perkins Caufield & Byers.
• Feb 2015 - WebPay by Line Corp for an undisclosed amount. WebPay had
raised $1.2m.
• Feb 2015 - LoopPay by Samsung for an undisclosed amount. LoopPay had
raised $10m.
• March 2015 - Paydiant by PayPal for reported $300M. Paydiant had raised
$34.8 amount from North Bridge Venture Partners, General Catalyst
Partners & Stage 1 Ventures.
• May 2015 - ReadyforZero by Avant for an undisclosed amount.
ReadyforZero had raised $4.2m from Y Combinator, 500 Startups, Polaris
Partners & Citibank.

11.
Mobile FinTech – Sector Overview
Mobile Fintech: Most Active Investors
Andreessen
Horowitz
SV Angels
Google
Ventures
Index
Ventures
Y Combinator Intel Capital
Sequoia
Capital
NEA
Consumer
Payments
Horizontal
Wallet
Dwolla,
Clinkle,
QuickPay
Gyft Clinkle Kash Clinkle MobiKwik
Vertical Wallet OrderAhead OrderAhead TabbedOut
Carrier Billings Boku Boku Boku Fortumo Boku
ConsumerFinance
Banking Simple Osper
PFM BillGuard ReadyForZero
Alternate
Savings
Digit
Public Market
Investing
RobinHood RobinHood RobinHood RobinHood
Enterprise
Payments
mPOS
Jumino
Netswipe
iZettle Swish
PagPop,
iZettle
Square,
QFPay
White Label
Wallets
LevelUp mFoundry
Technology CardSpring
Enterprise
Finance
Business
Expense
Management
Expensify Abacus Abacus

12.
Mobile FinTech – Sector Overview
Mobile FinTech Company List
Details 350+ companies (160 funded & 219 unfunded)

13.
Mobile FinTech – Sector Overview
ENTERPRISE-FOCUSEDCONSUMER-FOCUSED
Consumer Mobile Payments Company List
Carrier Billings
Payments added to mobile prepaid or subscription prepaid bills
Boku ($78.0M), Mopay ($20.0M)
Vertical Wallet
Mobile wallets that facilitate payments in a particular industry
TabbedOut ($17.5M), OrderAhead ($10.0M)
Horizontal Wallet
Mobile wallets that facilitate payments across different industries
Dwolla ($32.5M), BlingNation ($28.0M)
Banking
Mobile apps that serve as banking frontends.
Simple ($15.3M), Moven ($12.4M)
Personal Finance Management
Mobile apps for tracking and managing personal finances
Check ($47.0M), BillGuard ($16.5M)
Alternate Savings
Mobile apps for periodic micro savings
Qapital ($5.0M), Acorns ($32.0M)
Public Market Investing
Mobile apps that facilitate trading or feature investment research
Robinhood ($66.0M), StockTouch ($500K)
Mobile Accounting
Mobile apps that facilitate business accounting
Acctapp
FinancePayments
$92M
$50M
$86M
Business Expense Management
Mobile apps that help manage business expenses
Expensify ($10.2M), Abacus ($3.5M)
$80M
$290M
$160M
White Label Wallet
Wallet solutions provider to merchants
Monitise ($290.0M), LevelUp ($50.75M)
Mobile Point-of-sale
Point of Sale for handheld devices such as mobile or tablet
SquareUp ($490.0M), iZettle (108.9M)
$1B
$830M $1.48B
$460M
$19M$75M
Note: Indicates cumulative funding in the segment over last 7 years

14.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (1/26)
Company Details Funding Investors
Horizontal Wallet
Dwolla [Des Moines, United States, 2008]: Dwolla is a payment network that allows any business or person to send, request and accept money.
Has built their own network that securely connects to your bank account and allows users to move money for just $0.25 per transaction, or free for
transactions $10 or less. Users can send money to email addresses, phone numbers, LinkedIn connections, Twitter followers, and businesses that
accept Dwolla. Some Bitcoin exchanges allow users to buy bitcoins with dollars transferred to the exchange via Dwolla and allow users to sell
bitcoins and have the proceeds transferred back to them using Dwolla.
$32.5M
Union Square Ventures, Village
Ventures, Thrive Capital,
BetterWorks, SeventySix Captial,
Andreessen Horowitz, CME Group
Horizontal Wallet
MobiKwik [Gurgaon, India, 2009]: MobiKwik is a digital wallet service with a turnover of close to Rs 200 crore as of Dec 2013. Allows users to
store upto Rs 50,000 in wallet and recharge mobiles, pay bills and shop across merchants in India across various channels – Apps, Website, Mobile
website, SMS or IVR. Tied Up with offline stores like Cafe Coffee Day (CCD) to enable its customers make payments through the MobiKwik wallet.
claims to have over 15 Mn registered users. It has partnered with more than 50,000 businesses across e-commerce, such as BookMyShow,
Domino’s Pizza, eBay etc. Claims to have 17M+ wallet users, and 50K merchants on board as of May 2015. Planning to open the platform to online
retailers as well. Raised Series B from Treeline Asia, Sequoia Capital, Cisco Investments and American Express, had raised series A in 2013 from
an unnamed US-based VC firm.
$30.3M
Cisco Investments, Tree Line
Capital Partners, Sequoia Capital,
American Express
Horizontal Wallet
Bling Nation [Palo Alto, United States, 2007]: Bling Nation is a mobile platform that utilizes tap-and-connect capabilities of NFC technology. Bling
Nation was designed as a regional mobile wallet for local community banks and merchants. It operated through a contactless payment sticker
adhered to users' phones. Though it was well received at first, merchants dropped support after Bling Nation pushed them to adopt its loyalty
program. At its peak, Bling Nation had between 15 and 20 banks issuing stickers and about 1,000 merchants nationwide using its service
$28M
Lightspeed Venture Partners,
Balderton Capital
Horizontal Wallet
Clinkle [San Francisco, United States, 2011]: Clinkle is a mobile payments startup company, currently beta testing its product. The product will
include a mobile app that serves as an online wallet. Wallets will be able to be linked to existing credit cards or bank accounts. In 2013 it raised $25
million in what became Silicon Valley's largest seed round. The company plans to introduce its payment platform this year. Founded by Lucas
Duplan, a Stanford Graduate at the age of 21. COO Barry McCarthy stepped down to advisory role in Mar 2014. Fired 25% of the workforce (16
employees) as a part of internal reorganization.
$25.5M
Index Ventures, Accel Partners,
Intuit, Intel Capital, Andreessen
Horowitz
Horizontal Wallet
doxo [Seattle, United States, 2008]: Doxo centralizes managing accounts and bill payments. It acts as a digital file cabinet used to organize and
manage user's bank accounts. Users can also store, organize and also receive and pay bills of the partner companies. Key take away is that users
receive and pay bills with one account and one password from a single app. Featured as Top Finance app by Parade, received New Product of the
Year by American Business Awards. Doxo investors include venture partners Mohr Davidow Ventures and Bezos Expeditions.
$18.8M
Mohr Davidow Ventures, Bezos
Expeditions, Sigma Partners
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

15.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (2/26)
Company Details Funding Investors
Horizontal Wallet
Yoyowallet [London, United Kingdom, 2013]: Yoyo combines payments, personalized coupons and offers and automatic loyalty points collection
system in one app. Users can pay at a merchant store by a scan of the one time QR code. By making transactions through the app, users receive
rewards from the retailers and depending upon the transaction history the retailers can send the users tailor-made marketing campaigns. The
company claims over 150,000 transactions a month, and a growth rate of 25% MoM. In July 2014, Yoyo was named as one of the Top 10 hottest
startups in London by WIRED UK magazine.The app bagged 'Best Pitch' and 'Best Innovative Idea' awards in Pitch @ Palace, an initiative run by
the Duke of York.
$15M
Imperial Innovations, FireStarter
Fund
Horizontal Wallet
PayMate [Mumbai, India, 2006]: Owns PayPOS. Present in India, USA, Sri Lanka, Nepal, and UAE. PayMate enable consumers and merchants to
make and receive payments on their mobile phones. With PayMate, consumers have the ability to setup a mobile wallet account, fund it in multiple
ways, use it to shop online or in retail stores, pay bills, buy tickets, top up pre-paid mobile phones, do person-to-person transfers, and much more.
GiftMate is PayMate's prepaid wallet offering. Green Money Transfer is PayMate's money transfer service currently live in India. PayMate's
remittance solution enables banks and money transfer companies to offer mobile initiated money transfers. PayMate's MPP platform enables
Financial Institutions and Mobile Operators to offer services like mobile banking, ewallet, bill payment, and person-to-person transfers to their
customers. PayMate's India ecosystem includes over 15,000 merchants and 30 banks and 6000+ Galileo agents, and more. Processing $500M
worth of transactions in July 2013.
$14M
Kleiner Perkins Caufield & Byers,
Sherpalo Ventures, Lightbox
Ventures, Mayfield Fund
Horizontal Wallet
Sequent [Mountain View, United States, 2010]: Sequent Software is a provider of mobile commerce software and services. Sequent provides a
software and services platform that is designed to enable consumers to download payment cards and other credentials to their mobile devices and
use them to make payments and access information and offers from mobile network operators, retailers and financial institutions. The company’s
patented technology also makes it easy to add Near Field Communication (NFC) payments and other credentials into branded consumer mobile
apps.
$12M
Opus Capital, SK Telecom
Ventures, SBT Venture Capital
Horizontal Wallet
MoneyOnMobile [Mumbai, India, 2010]: MoneyOnMobile (MOM), part of My Mobile Payments Ltd. (MMYL), allows its users to load their mobile
phones with cash at retail touch points and then use this virtual money for prepaid top-up, DTH recharge, post paid bills, utility bills, travel tickets
etc. As of March 2014, the company has a retail network in 300 cities, 5 lakh subscribers and enables Rs 2.5 Cr worth daily transactions. Calpian
Inc, which now owns major stake in MOM, received $1M funding for its operations in March 2014. Has an employee count of 300 as of Feb 2015.
The parent company, My Mobile Payments Ltd, is reportedly in talks with private equity investors to raise $40 million (Rs 250 crore) at a valuation of
Rs 1,500 crore as of Feb 2015.
$10M
Horizontal Wallet
LoopPay [Woburn, United States, 2013]: LoopPay is a mobile wallet that enables payments at most of PoS terminals. It consists of two parts —
an iPhone app called LoopWallet, and a detachable fob you can use both to load the app with your cards and to pay, with or without the phone, at
standard, everyday card readers used by all kinds of merchants. Charges $39 for the Loop Fob. Also offers a $99 iPhone case that transmits
payments (and also includes a built-in extra phone battery). Was supposed to launch an Android app in April 2014. Founded by Will Graylin (sold
two payment startups) and George Wallner (inducted into Payment Hall of Fame in Mar 2014). It has been acquired by Samsung Electronics in
February 2015.
$10M
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

16.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (3/26)
Company Details Funding Investors
Horizontal Wallet
Fastacash [Singapore, Singapore, 2012]: Fastacash provides a global social payments platform which allows users to transfer value (money,
airtime and other tokens of value) along with digital content (photos, videos, audio and messages) through social networks and messaging
platforms. The company has developed a patent pending link generation technology that enables the value transfer with a secure link. Venture
Round was led by Jagdish Chanrai, a Singapore based investor.
$8.5M
Jungle Ventures, SPRING
Singapore
Horizontal Wallet
Lemon [Palo Alto, United States, 2011]: Lemon is a cloud based smartphone wallet app that organizes and stores user's IDs, credit cards, loyalty
cards, receipts, coupons and more thus providing a complete mobile money management application. Users can also access real time account
balances and fraud alerts. Before acquisition, the wallet had 3.5M downloads and reported to be saving 1000 new cards every hour as of May 2013.
App is compatible with iOS, Android, and Windows Phone devices
$8M
Maveron, Lightspeed Venture
Partners, CampVentures, Draper
Fisher Jurvetson (DFJ), The
Social+Capital Partnership
Horizontal Wallet
iPAYst [Munich, Germany, 2010]: iPAYst is a multi channel mobile payment application which uses on an QR-Code scan system to trigger a
payment transaction. Users can download the app, register with their bank account and enter the details of their payment cards and use the QR
code scanning at the retail stores to make cashless payments. For merchants, it not only enables for an easier payment framework instead of a
hardware POS system, but also allows for a better customer targeted marketing and loyalty rewards program along with discounts to their
customers for high retention. Other features of the app include sending and receiving money with friends who are also using the app and also allows
users to locate the partnered retail stores on a map in their location.
$7.9M
Horizontal Wallet
Gyft [San Francisco, United States, 2012]: Gyft is a mobile gift card app that allows customers to buy, store, send, and redeem gift cards
conveniently from their mobile device. Gyft is seamlessly integrated with Facebook so users can easily send messages and gift cards to their
friends around special events. Consumers can also upload existing plastic gift cards to the app. Gyft launched a B2B API program in 2013 that
allows third party corporates to offer their own programs. Gyft offers solutions to any size business from large corporates to SMB.
$7.5M
Google Ventures, Karlin Ventures,
Twitter, The Social+Capital
Partnership, A-Grade Investments
Horizontal Wallet
Bancore A/S [Copenhagen, Denmark, 2005]: Bancore makes mobile payment solutions available for the un-banked populations in emerging
markets. Provides Prepaid Virtual VISA, Money Transfer, Bill Payment, Virtual Calling Card and International Prepaid Airtime services.
$6.6M
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

17.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (4/26)
Company Details Funding Investors
Horizontal Wallet
Ensygnia [London, United Kingdom, 2012]: Ensygnia offers Onescan, a smartphone application that enables online mobile payments in-store
and on-the-go. The app allows any smartphone to interact with any other connected screen. Users enter their account details in to the app and can
make online payments by scanning websites that are set up to work with the app based on QR codes. The company's two granted UK patents for
the Onescan process cover both log-in and payment applications. It has recently filed its patents in 59 countries worldwide. Its patented technology
helps to replace the checkout system with a single QR code scan. Recent awards include Finalist in the Consumer Trust category at the Meffys; and
a winner in the UK's Smarta 100 Awards for Britian's best and brightest new businesses. Ensygnia was accelerated by Wayra, the Telefonica / O2
Academy London. 2013 Cohort.
$6.5M Wayra
Horizontal Wallet
Salt [San Francisco, United States, 2011]: Salt Technology offers a mobile wallet. Salt provides a powerful and secure mobile merchant
processing solutions. They have an end to end PCI Compliant platform, with a full issuing and acquiring capability, complete with advanced fraud
detection, developer friendly API’s, a patented and easy One Touch checkout experience, secure storage tokenization, recurring payments, silent
redirect, loyalty card credits and reconciliation in the cloud and a client experience which not only facilitates a fast and easy checkout but also is fully
enabled for proximity payment technologies like NFC and architected for many other enhancements.
$6.5M
Horizontal Wallet
Kuapay [Santa Monica, United States, 2011]: Kuapay is a payment service provider that combines digital wallet and mobile payments that allows
consumers to present a one-time QR code to a merchant, authorize a purchase, and receive a receipt. For security purposes, Credit card
information is not transmitted in the QR code. The system also includes location-based coupons and loyalty marketing. This one-time mechanism
increases security over presenting a credit card number. As of 2013, Kuapay is used by over 600 merchants in the United States. Founder Joaquin
Ayuso de Paul, co-founder of Tuenti.com, a popular Spanish social network sold to Telefónica for 100M $.
$6.5M
Horizontal Wallet
Yoyo [London, United Kingdom, 2013]: Yoyo offers a mobile payment and loyalty app that enables users to make mobile payments at various
retail stores partnered with the company. The app comprises of a QR code scanning for mobile payments at the retail, replaces loyalty cards which
can be managed through the app itself. For merchants, it serves as a marketing platform to automate consumer targeting and push loyalty rewards
based on the customer purchase behavior and transaction data. It enables them to accept mobile payments which integrate with the POS systems.
Launched at Imperial College London, it serves over 20k members in the campus, while targeting other universities and high street retailers in
London and UK in general. Customers include Universities of Greenwich, Westminster, Essex, Bedfordshire and Fernandez & Wells.
$6.3M Imperial Innovations, Firestartr.co
Horizontal Wallet
Vivotech [Redwood City, United States, 2001]: Vivotech provides contactless/NFC payment software, NFC smart posters, and over the air card
(OTA) provisioning, promotion, and transaction management infrastructure software. Its products include contactless payment systems; ViVOnfc, an
OTA infrastructure software for NFC mobile payments and promotions; and ViVOplatform, which provides retailers with the software platform for
promotional and loyalty applications. The company also provides merchant, ISO and acquirer, issuing bank, wireless operator, and consumer value
proposition solutions. Its products are used in various applications in movie theaters, fast food restaurants, casual dining establishments,
convenience stores, gas stations, drug stores, grocery stores, buses, taxicabs, and vending machine locations, as well as by retailers. The company
was founded in 2001.
$4.7M Nokia Growth Partners
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

18.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (5/26)
Company Details Funding Investors
Horizontal Wallet
Pushpay [Seattle, United States, 2011]: Pushpay is designed for two simple purposes: helping organisation get paid quicker and to simplify
everyday payments or donations for anyone with a smartphone. User can only pay through Pushpay to registered merchants, businesses and
charitable trust. Users just have to load their cards onto the Pushpay server and later on make payments using the Pushpay wallet application. Has
more than 50 registered businesses. Has a second office in Auckland, New Zealand.
$3.9M
Horizontal Wallet
AtPay [Albuquerque, United States, 2011]: AtPay provides web and email checkouts for smartphones, computers and tablets. For merchants
their Two-Click API adds secure payments to marketing emails and streamlines your existing web checkout as easily as adding JavaScript to an
existing website. Users when signing up enter their card details which are saved and then at any AtPay's partner store can pay using the wallet
where the payment is authorized using a simple email to the user.
$3.5M
Horizontal Wallet
Gratafy [Seattle, United States, 2011]: Mobile-based social gifting app that lets users gift food and drink items from local bars and restaurants to
anyone using only their email address or phone number. Gift recipients are notified instantly and can redeem at the restaurant from their phone. As
of Nov 2013, company had partnered with close to 250 restaurants in Seattle and Los Angeles. Founded by University of Washington grads.
$3M
Horizontal Wallet
Ribbon [San Francisco, United States, 2012]: Offers two products, a wallet for P2P transactions (even if the receiver is not on Ribbon) and
Ribbon Merchant, to accept payments instantly without having to write any code. Products checkout forms can be hosted as a one-page checkout
on Ribbon, or integrated into the seller’s website and social media platforms using a simple copy and paste.
$1.8M
AngelPad, Sierra Ventures,
InterWest Partners, Draper
Associates, Siemer Ventures,
Microventures
Horizontal Wallet
SimplyTapp [Austin, United States, 2011]: SimplyTapp provides mobile payment distribution and authorization solutions for enterprises including
financial institutions, big box retailers, fuelling stations, quick service merchants as well as mobile wallet providers and developers. They leverage
emerging payment and distribution technologies like NFC, host card emulation (HCE) and secure element in the cloud to add secure and flexible
payment functionality to mobile applications. Rather than placing it in a secure element on the phone, SimplyTapp stores the data in the cloud on a
“remote secure element” and passes encrypted transaction data through the phone to a point-of-sale terminal when the user makes a purchase.
$1.6M Lightspeed Venture Partners
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

19.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (6/26)
Company Details Funding Investors
Horizontal Wallet
Mobilligy [Bellevue, United States, 2011]: Mobilligy is a free mobile payment solution that provides consumers a unified hub from which to
manage and pay all of their bills, with no third party fees or agreements necessary. It syncs and organizes users’ bills into one intuitive interface,
which schedules payments via tablet or smart phone. It even checks for sufficient funds before submitting payments, so users won’t have to worry
about overdraft fees. Available for all mobile platforms and has over 20,000 customers as of Feb 2014. Backed by Microsoft Accelerator.
$1.5M
Horizontal Wallet
Droplet [Birmingham, United Kingdom, 2011]: Droplet offers a smartphone mobile wallet application that enables users to load money into it and
use it for retail payments without any transaction cost for the consumer or merchant. Both the users involved need to have the mobile application
post which money which is loaded into the app's wallet can be transferred via an email address linked to the app. The app also shows the user all
the merchants who have partnered and are located nearby through an app interface. Other features include reviewing transaction history made on
the app, loyalty programs by merchants through the app along with a backend platform for merchants to get customer insights based on their
purchase activity. It makes a very small amount of money in interest from these deposited funds in the prepaid wallet on the app.
$1.4M
Horizontal Wallet
Venmo [New York City, United States, 2009]: Venmo is a peer-to-peer mobile payment service. Venmo is the most convenient way to pay friends
for lunch, tickets and any other shared activity. Users can use Venmo to: Split meals, bar tabs, cab rides, groceries, and rent with friends, buy
friends coffee, send them fun gifts or a birthday drink from across the country, and avoid ATMs. Also provides a newsfeed for payments and users
can also add comments to their transactions.
$1.3M
RRE Ventures, Betaworks,
Founder Collective, VaynerMedia,
Lerer Ventures, Accel Partners,
Greycroft Partners
Horizontal Wallet
PicPay [Vila Velha, Brazil, 2012]: PicPay is a Brazilian mobile payment company that offers payments through QR code scanning on the user's
smartphone or tablet. Users download the app and save their credit card data. Advertisers can insert codes in their online and offline campaigns,
which PicPay readers decode through the camera and pay by scanning the unique QR code of the product they intend to buy. Customers include
Perfumagi, Kanui, Fluir and the company has a partnership with major Brazilian credit card operator Cielo.
$1.2M
Horizontal Wallet
QThru [Seattle, United States, 2011]: QThru enables shoppers to use their Smartphone to scan products as they shop and then efficiently
checkout using a mobile checkout kiosk. A mobile checkout kiosk could be a traditional self-checkout station, a portable tablet, a credit card
payment station, or a QThru provided all-in-one kiosk with embedded scanner, card reader, and printer. The product is a scalable self-provisioned
open shopping and checkout platform.
$1M
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

20.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (7/26)
Company Details Funding Investors
Horizontal Wallet
Paay [New York City, United States, 2011]: Paay is developing a digital wallet that mobile device users can use with any carrier. The company’s
digital wallet product will come in the form of a mobile application. When a user shops online, and when they are ready to checkout, they click the
PAAY button. Rather than entering all of their information right then, they enter the phone number and a message is sent to the user's PAAY app.
The user approves the purchase in app and then the amount gets paid to the ecommerce site. The credit card number isn’t stored on the phone or
at the merchant’s website but rather stays with the credit card processor.
$1M
Horizontal Wallet
payByMobile [Dublin, Ireland, 2009]: Paybymobile is a virtual wallet that lets anyone text to pay when shopping online. Shoppers load money on
their wallet at those same shops where they top up to buy airtime and then simply text to pay when shopping at their favourite online store.
Paybymobile uses familiar prepaid mobile usability to deliver online payments for everyone with a mobile.
$0.8M Davy Stockbrokers
Horizontal Wallet
Satispay [Milan, Italy, 2013]: Satispay is a payment network that offers a smartphone application that can be used for peer to peer money transfer,
in-store and online purchases and nonprofit donations through a cross-platform mobile app. Users can also set their weekly budgets and spend
accordingly. Users can download the app and register with their mobile number and linking their bank account.
$0.6M
Horizontal Wallet
Cardley [Chicago, United States, 2012]: Cardley is a transaction processing engine that offers a digital wallet by combining multiple loyalty and
gift cards into a single account. Cardley enables its partners to provide customers one-swipe access to digital versions of the different tender types
they use daily. Its patent-pending transaction processing system invokes the items in a customer’s wallet that provide optimal savings.
$0.5M
Horizontal Wallet
Lendstar [Starnberg, Germany, 2013]: Lendstar is a social payment app that enables friends to borrow, lend, split and raise money. Available for
iOS and Android, the app will offering additional services such as cost splitting, real time money transfer via mobile wallet or a Lendstar branded
prepaid credit card in a few weeks.
$0.5M
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

21.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (8/26)
Company Details Funding Investors
Horizontal Wallet
RetApp [Brescia, Italy, 2012]: RetAPPs has developed the SmartBip solution that integrates services of Mobile Self Scanning, Mobile Payment,
Shopping List Management and Mobile CRM (Loyalty, Promotion & Couponing). Has 20 Million+ Registered users. Coop Estense - largest
supermarket chain in Italy, Auchan, Tigros, and Conad Centro Nord are among its clientele. RetApp was incubated at Superpartes Innovation
Campus of Brescia.
$0.5M Vela Imprese
Horizontal Wallet
Gliph [San Mateo, United States, 2012]: Bitcoin payment transfer mobile app that also offers anonymous messaging. Integrates with wallet
services like Coinbase, BIPS, Blockchain.info. Can be used for transactions over public portals like Craigslist. 2000+ accounts created.
$0.4M
Portland Seed Fund, Rogue
Venture Partners, Boost VC,
Pantera Capital
Horizontal Wallet
nanoPay [Toronto, Canada, 2012]: nanoPay provides a mobile wallet for consumers to pay at online and offline retail stores. nanoPay created an
API-based cloud payment solution, which makes it easy for merchants (online & retail) to use their payments solution. Integrates loyalty, electronic
receipts and coupons with their secure payments to improve the end to end experience for consumers and merchants. Consumers use a simple
smartphone app to pay, collect rewards, receive electronic receipts and use coupons without risking identity theft through our secure platform.
$0.4M
Horizontal Wallet
Paddle [London, United Kingdom, 2012]: Paddle stores the user’s credit card and delivery details and enable payments to be made using a
mobile phone and accompanying app by scanning a visual code using the phone’s camera. Typically it enables users to shop via a desktop version
of an e-commerce site and pay using their mobile phone to log in and make a payment. Merchants can register with paddle and integrate it with
their POS and retail website for a faster customer checkout. The company is currently in public beta phase.
$0.2M
Horizontal Wallet
Paymey [Berlin, Germany, 2013]: Paymey offers a mobile payment solution for businesses and consumers for the payment ecosystem. It partners
with net-m privatbank 1891 AG allowing it to operate as a SEPA-ready PSP and creditor within the laws and regulations of the European Union.
They offer barcode scanning solutions to merchants, enables them to use the existing barcode scanning hardware and process payments through
its API with transaction costs of 1%. In the partnered online stores users pay by scanning a QR Code. Users can also use the app for peer to peer
money transfer via phone number or email address as reference.
$0.2M Seedmatch
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

22.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (9/26)
Company Details Funding Investors
Horizontal Wallet
AirPay [San Diego, United States, ]: Mobile wallet app that enables users to pay with a smartphone at participating merchants, where they can
earn rewards and enables social sharing with Foursquare, Twitter, etc. Initially users have to enter their card details in the app and to pay for a
purchase, users display a QR code to a scanning device on the merchant’s counter. Raised $200,000 from four undisclosed investors in 2012
$0.2M
Horizontal Wallet
Xipwire [Philadelphia, United States, 2009]: Xipwire was a mobile payment service provider allowing payments and money transfers to be made
with mobile devices using text messages. Mobile money transfers serve as electronic alternatives to traditional paper methods such as checks and
money orders. A Xipwire account can be funded with an electronic debit from a bank account or by a credit card. The mobile-to-mobile service
allows consumers and merchants to send and receive money through text messages, protected by a PIN. Received Wiki-leaks donations for free.
$0.2M
Horizontal Wallet
PocketSuite [San Francisco, United States, 2013]: PocketSuite is an iPhone app that helps mobile professionals drive new customers and run
their business. Mobile dashboard giving real-time visibility into key metrics: unpaid bills, payments received, and new business referrals. The app
offers to save debit/credit card based on the HCE technology. The company charges 2.99% for processing every transaction through their app.
$0.1M
Horizontal Wallet
Kash [San Francisco, United States, 2014]: Kash is a mobile wallet through which it becomes very easy to pay via a smartphone with no credit
card fees associated. The product focusses on retailers and small business for they can save the 3% transaction fee every time their customers
pays them. Customers use the app for easy transactions. Kash’s app just shows a green debit card labeled tap to pay. Kash gets around credit
cards entirely by letting users pay straight from their checking accounts by entering their online banking log-in info. For small businesses, Kash
doesn’t charge any fees on the first $100,000 of payments in processes. This means that bigger retailers using the service will effectively subsidize
early usage by local businesses that sign up. Part of YCombinator S14.
$0.1M Y Combinator
Horizontal Wallet
FigCard [Boston, United States, 2010]: Boston-based Fig Card allows merchants to accept mobile payments in stores by using a simple USB
device that plugs into the cash register or point-of-sale terminal. Consumer needs to have the Fig app on his or her smart phone. Consumer logs
into the Fig Card app, finds the merchant and selects what he or she wants to buy and pays using the app. It has been acquired by Paypal in 2011
for an undisclosed amount.
$100k
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

23.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (10/26)
Company Details Funding Investors
Horizontal Wallet
Kashmi [Singapore, Singapore, 2014]: Kashmi is a quick way for friends to electronically exchange money using their smart phones with
gamification features. Users are required to enter their credit/debit card and bank account details when they register. Users then can send and
receive money from people in their social circles with no transaction fees with an upper limit of 800 USD. Kashmi charges 4% processing fee while
crediting the Kashmi wallet and 1% while cashing out through bank account.
$30k TURN8
Horizontal Wallet
Aveki [Seattle, United States, 2013]: Aveki has developed technology to make logging into websites and paying for content as easy as keys and
cash. No need to create a user name, or memorize a new password. No need to disclose your name, address or credit card info. Now, using just his
mobile phone, user can make payments anonymously, both online and in-person. Application is built around mobile payment solution with a wallet
at its core. Aveki will allow secure and safe mobile payments without revealing user's private information. Currently in stealth mode, will launch the
product for public use in Summer 2014.
$10.5k
Horizontal Wallet
Yodo [Victoria, Canada, 2014]: Yodo provides a mobile money service. Uniquely based on anonymous 'cash' with custom content delivery
serviced by a sophisticated Big-Data Cloud computing back-end. Android and iPhone mobile Apps work in unicism with Yodo's POS Launcher (API)
to allow secure anonymous cash based payments on any third party POS application. A successful pilot successfully completed, Yodo is now
partnering with several POS applications to integrate Yodopay as an standard payment process prior to entering our beta phase.
Horizontal Wallet
Zipcash [Mumbai, India, 2007]: Zipcash is a mobile wallet/voucher service which allows customers to make payments from their mobile for many
services including recharge, bill payment, mvouchers and online shopping. Partners with merchants like Redbus, BookMyShow, eBay, Indiaplaza.
Has received the authorization from RBI to issue prepaid instruments under the Payments and Settlements Act, 2007.
Horizontal Wallet
Moocho [Buffalo, United States, 2011]: Moocho provides a free closed-loop, mobile payment wallet to college students, enabling them to pay with
their phone for everyday purchases at area merchants, while integrating offers and loyalty rewards. The technology used by Moocho is based on
Authorize.net, a VISA company. The company is currently active at 10 college campuses around the U.S.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

24.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (11/26)
Company Details Funding Investors
Horizontal Wallet
ModoPayments [Richardson, United States, 2010]: ModoPayments offers mobile payment transaction at any location that accepts either Visa or
MasterCard with no change to POS and no change to the phone that uses ModoPayments. They create monetary savings that users can cash in on
if they transact with ModoPayments instead of another tender. In Oct 2012, ModoPayments partnered with Alliance Data Retail Services (a provider
of over 100 private label and co branded credit card programs) to provide a series of social and mobile gifting functionalities via its Modo Connect
mobile payments platform.
Horizontal Wallet
ChimpChange [Hollywood, United States, 2012]: ChimpChange is an app-based, web-enabled, Facebook integrated money payments system
that allows users to send money to anyone instantly, from their bank account, debit or credit cards using only the receiver's cell phone number.
Every ChimpChange account comes with a Prepaid MasterCard, which can be personalized, and used anywhere in the world MasterCard is
accepted. The app is yet to launch.
Horizontal Wallet
Close Payment [Stockholm, Sweden, 2014]: Close Payment, a product launched by Accumulate AB, is a mobile payments and proximity
marketing solution. Users can input their credit, debit, loyalty and gift cards into the Close Wallet by taking their picture. For merchants, the company
gives a Close Beacon, a BLE-based device that sends alerts about offers to the customer who is in proximity to the merchant store. The customer is
then guided in the store by the beacon and provided with other offers that might interest him/her. When the Close Beacon feels the presence of the
customer's phone, the cashier sends a request to the customer, who then approves the transaction and makes the payment on his Close Wallet.
Further, Close Wallet can be used to pay online on web and mobile sites.
Horizontal Wallet
Biopaym [, Argentina, 2013]: Biopaym is a biometric payment platform based on iris & facial recognition technology. A revolutionary ecosystem of
wallet in the cloud, that uses biometric authentication to identify the shopper and authorize payment in real time and safely. Biopaym application
allows user to store card information in the wallet and instead of entering the pin to unlock the wallet app, the application used biometric means to
authenticate the user making the wallet application safe and secure.
Horizontal Wallet
QGS [Seattle, United States, 2010]: QGS develops mobile apps for merchants and also provides a mobile wallet focused on consumers. Provides
Marketing, Business Development and Mobile Kiosk apps for merchants. QGS Wallet enables consumers to pay using their mobiles.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

25.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (12/26)
Company Details Funding Investors
Horizontal Wallet
Appetite [Toronto, Canada, 2011]: Offers a mobile wallet for consumers and white label solution for merchants. Users can set up their Appetite®
account, sync their gift cards with the account and pay from the app at partnering merchant stores. Its cloud based platform syncs the user's
balances, points, and rewards at one place. The app will be released in Summer 2014.
Horizontal Wallet
Qarth [Bangalore, India, 2012]: X-Pay, product of Qarth is a Multi Bank IMPS mobile payment application. This application facilitates mobile
payment to anyone with IMPS enabled bank account across India. Offers sending money to 26 customer banks and 45+ receiving banks. App can
be used for P2P money transfers and retail shopping with partner stores. Founders are IIT Kharagpur graduates. Has 10k+ Android app downloads.
Horizontal Wallet
Vult [Vancouver, Canada, 2011]: Vult Technologies provides a mobile wallet to enable mobile payments in Canada. Users can secure their credit,
debit, gift, membership, personal cards, and cash, access and manage it from their browser or smart phone. The Vult allows its users to pull cash
directly from their bank account and keep it secured in their Vult. Users are then able to send these funds directly into friends Vult accounts, or turn
their virtual cash into real cash at any participating Vult merchants. Offers tools to manage and track expenses, store and categorize receipts, and
print, send, or file spending reports. Currently in beta mode.
Horizontal Wallet
iMoCu [New York City, United States, 2013]: iMoCu is a mobile technology company that offers a mobile wallet which enables people to securely
send money to anyone, anywhere instantly through a simple SMS text message. Together with their merchant POS app and plugins, they enable
people to complete retail and online transactions with the same anonymity as cash. Users can load their wallet by linking their bank account or using
cash at any of their merchant locations or participating banks. They currently have over 9,000 such locations in the US. The mWallet is integrated
with a reloadable debit card and supports digital currencies as well. This allows users to move funds seamlessly amongst their mobile wallet,
physical card, and digital currencies. Offers API’s for integrating their payment system into major e-commerce shopping carts.
Horizontal Wallet
CloudZync [London, United Kingdom, 2012]: CloudZync is the developer of the Zync Wallet, a free mobile wallet app, offering secure contactless
payments from Smartphone. It allows user to pay in participating stores, online and by phone, use and redeem loyalty points, use deals & vouchers.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

26.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (13/26)
Company Details Funding Investors
Horizontal Wallet
IWeTree [New York City, United States, 2012]: IWeTree provides mobile payment and mobile wallet solutions to financial institutions in India,
Nigeria, Ghana, Kenya, the United States, and the United Kingdom. Its first app, mPay, is a mobile wallet that can be used to send and receive
money, store credit/debit card/loyalty card information, scan QR codes, and view "Merchant Map" to search for nearby offers. Develops mobile apps
for both smartphones and feature phones. Also provides solutions like QR code over MMS, SMS service and IVRS. The company is headquartered
in New York, and its international headquarters is located in Mumbai.
Horizontal Wallet
Supergasme [Palo Alto, United States, 2012]: Supergasme delivers a mobile payment service while disrupting the credit card companies by
creating a new payment concept. The service allows customers to save 20 percent by pre loading the gas expense onto the car lease, use the
client app to purchase gas from selected gas stations, let customers purchase discounted products inside the convenience store and accumulate
rewards.
Horizontal Wallet
WhizKard [Dallas, United States, 2012]: WhizKard is a mobile payment solution that is smartphone and card processor agnostic. WhizKard gives
consumers a free mobile wallet app that carries multiple credit and debit cards for payments, simplifies rewards and offers management, and
centralizes receipt storage. Plans on driving adoption by reaching small merchants indirectly through their credit card processors. WhizKard
generates its revenues from merchants that pay low monthly fees for participating in offers and rewards programs. For international licenses, it
charges the local reseller a flat fees plus revenue share. Currently has offices in Dallas and Chicago.
Horizontal Wallet
ZipPay [San Francisco, United States, 2012]: ZipPay offers its patent pending technology for mobile payments. ZipPay provides mobile wallet for
consumers to make payments to merchants and a dashboard for merchants to process and invoice all the payments made by their customers
through the ZipPay application.
Horizontal Wallet
AirPay [San Diego, United States, 2012]: AirPay enables consumers to pay with their phone at brick and mortar stores, and to share the
experience with their friends and family on social networks.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

27.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (14/26)
Company Details Funding Investors
Horizontal Wallet
Pademobile [Aguascalientes, Mexico, 2010]: Pademobile offers a mobile payment solution using a user's mobile number as a reference and
linking bank accounts to topup the pademobile account, make payments at retail stores and even peer to peer money transfer through text
messages. Registered merchants can accept payments from consumers through a pademobile account which is completed by letting the merchant
know customer's mobile number which is sent a text with a code to enable to transaction. Users are also allowed to charge their mobile operator
account using pademobile. The money is stored in a bank account, exclusively dedicated to the operations made with Pademobile. Serving as a
mobile wallet, users can also store money in their pademobile account for any later payment use.
Horizontal Wallet
WiGime [San Francisco, United States, 2010]: WiGime offers a mobile wallet service that allows user to use his smartphone to make purchases,
send or receive money/gifts, and make donations all with the use of QR codes. For merchants it provides a dashboard and iPad application to view
all payments made by the consumer. Merchants can also see various analytics of all the payments made.
Horizontal Wallet
Cortex MCP [Cambridge, United States, 2012]: Cortex MCP has developed a mobile payment, loyalty and wallet platform that unlocks the
potential of the rapidly evolving mobile commerce market. The company provides an IP protected platform that can be used by any device without
disrupting a merchant’s POS infrastructure.
Horizontal Wallet
PayCash [Luxembourg, Luxembourg, 2012]: PayCash is a smartphone application that enables users to pay at various partner stores, redeem
coupons, collect bonus points and even send/receive money from friends using the mobile wallet features in the app. The app acts as a prepaid
wallet which the user can load with money which can be used for payments through mobile purchases at partnered stores of the company. It does
not charge users for payments or money transfers made through the app.
Horizontal Wallet
Flashiz [Luxembourg, Luxembourg, 2011]: Flashiz offers a mobile payment solution through a smartphone application that enables users to
make online or in-store purchases through mobile QR code scanning. Users can download and register on the app, add their account details and
link their bank account to the app and can use it for speed mobile payments, send and receive money from friends by entering their email address
and also receive various loyalty rewards from the partner retail stores through the app itself. The company has launched its digital wallet services in
Australia in 2013 supporting both NFC and QR code systems. The company has been acquired by Fexco, a global financial services group in
October 2013 for an undisclosed sum.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

28.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (15/26)
Company Details Funding Investors
Horizontal Wallet
Undred [London, United Kingdom, 2013]: Undred offers a mobile payment application that enables users to use it as a mobile wallet to make
payments in restaurants and bars. Users are also offered with real-time discounts and rewards based on their visits and purchases along with
making real-time contactless payments. It acts as a payment processor to enable the payment readily from the linked bank account through the
mobile. Its technology solutions enable merchants to retain customers with loyalty rewards and receive payments on their smartphone using
Bluetooth Low Energy instead of any hardware POS installed in their store. Also provides an analytics dashboard to them merchants to track their
customers for a more efficient implementation of marketing methods. Payment data is used to empower the standard marketing process, allowing
merchants to attract new customers, increase the loyalty of their existing ones and keep track on their marketing ROI. Awarded 'Most innovative
start-up in Europe' at Developneur Europe. Selected among finalists 2014 for Techstars and Seedcamp. Users can pre-register on the portal to get
priority access. The company is yet to release the app.
Horizontal Wallet
MobileGullak [Bangalore, India, 2012]: Mobilegullak solves retailers' loose change problem by allowing retailers to save the change in consumer's
mobile. Consumers give a missed call or download the mobile app and verify themselves. Consumers can play the unique ringtone at mobileGullak
active merchants and save the return money to their mobileGullak account. They can use this money to pay their mobile, DTH, data card bills and
transfer the funds to their bank account. Charges retailers and network operators for mobile payments made through the platform.
Horizontal Wallet
Cibola [Delhi, India, 2013]: Cibola is a mobile app that aims to make mobile transactions easy for the users. Users can pay their friends, family and
merchants with a single unified universal application using their phones. Apart from sending and receiving money, users can avail features like easy
recharge, merchant maps or borrow money.
Horizontal Wallet
Chillr [Kochi, India, 2014]: Chillr, product of MobME Wireless Solutions Ltd., is a smartphone application that enables users to transfer money to
friends. Through the app, users can connect their bank account securely and send money to anyone in the phone book. The application is secured
with a 4 digit M-PIN which is required everytime a user makes transaction. The app can be enabled with a 4-digit pin and has no virtual wallet and
hence transactions happen directly from the bank account to the receiver's account number. . HDFC Bank has officially launched a mobile based
money transfer platform enabled by Chillr.
Horizontal Wallet
Mobino [Geneva, Switzerland, 2011]: Mobino offers mobile payment solutions to both consumers and retailers through its smartphone application.
Users can pay at the partnered retailers through their mobile either online or in-store for their purchases. Through the app, users can also make
peer to peer transactions with other Mobino app users. The app also allows users to check the transaction history of their payments and money
transfers. After downloading the app users register and link their bank account and the app is secure with a passcode for a transaction to happen.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

29.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (16/26)
Company Details Funding Investors
Horizontal Wallet
Wipit [Pasadena, United States, 2010]: Wipit enables underbanked consumers from around the world to use cash for payments on their mobile
phone or with an integrated prepaid card. The company also provides access to alternative financial services such as international money transfer,
mobile check deposit, bill payment, and prepaid wireless replenishment – from a mobile phone and payable with cash funds loaded to the user’s
mobile wallet account. Wipit's payment service enables consumers to shop online or make in-app purchases using prepaid cash payments. The
company has strategic partnerships with and is invested in by global companies H&R Block, Inc. (HRB) and Euronet Worldwide, Inc. (EEFT).
Euronet Worldwide, H&R Block,
Core Innovation Capital
Horizontal Wallet
Sign2Pay [Antwerp, Belgium, 2013]: Sign2Pay offers mobile payments by making it easier to pay with a regular debit card, simply using a
signature. Unlike card readers, its ease-of-use provides a high conversion and is highly suited for impulse and recurring purchases. An extensive
risk analysis is done before the choice of payment method triggering a dynamic signature canvas to authenticate the payment. Signatures are real
time compared on 4 different security tiers.
Horizontal Wallet
ZapZap [Gibraltar, United Kingdom, 2012]: ZapZap offers a mobile application that enables users to create an online virtual account which can be
used to make online purchase payments, to send and receive money with other users. Users can link a debit/credit and top-up the balance in their
zapzap mobile wallet after registering through the app. Users can also signup for a plastic payment card issued by MasterCard which can be used
to withdraw cash from ATMs. The company has e-money licence, granted by the Financial Conduct Authority, to operate across the European
Economic Area. The company has various fee structures depending upon the use of credit or debit card, cash withdrawal and mastercard ordering.
Horizontal Wallet
Popmoney [Brookfield, United States, 2010]: Peer-to-peer payment app and online service which allows user to send or request money directly
from bank account without any stored value like wallet services. User's send money to receiver's mobile / email id, receivers confirm by providing
bank account details for direct payment in account. Developed by Cashedge, which is now part of Fiserv. Fiserv integrated its ZashPay P2P
payment service with PopMoney.
Horizontal Wallet
LivQuik [Mumbai, India, 2012]: LivQuik has launched a consumer mobile wallet app called Quikwallet for making payments at retail shops, cafes
and restaurants. Integrates with the existing POS software of merchants. Payments through NFC and QR codes. Users can store virtual credit and
debit cards, manage coupons and rate companies, merchants can run offers and loyalty programs. LivQuik is the parent company of the product
QuikWallet.
Snow Leopard Technology
Ventures
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

30.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (17/26)
Company Details Funding Investors
Horizontal Wallet
Eashmart [Delhi, India, 2012]: Eashmart enables consumers to use credit/debit cards to make payments for anything, without having to swipe the
card in a swipe machine. For instance, if a person wants to order a Pizza from a nearby Pizza Hut, he/she needs to inform the merchant in advance
that the payment is to be made through Eashmart. Incubated in CIIE since Sep 2013. Acquired by PayU's PayUMoney along with their team for an
undisclosed amount in Oct 2014.
CIIE, IIM Ahmedabad
Horizontal Wallet
TippingCircle [Phoenix, United States, 2012]: Developed by Inovacode. TippingCircle’s personal payment platform allows people to exchange
money without fees through personal tips, setup group payments for events, and run social fundraisers on any mobile device securely to anyone
with an email address globally. Integrates with social platforms like Facebook, Twitter, Google+ and enables sharing features. Launched a customer
loyalty program recently allowing people to earn, trade, and spend reward points with participating merchants.
Horizontal Wallet
Cashcloud [Luxembourg, Luxembourg, 2012]: Cashcloud offers a mobile wallet solution that links to credit and debit accounts usable to send
money and pay at retail and online shops. Users can access cashcredits, a virtual currency, every time they pay for services using their Cashcloud
wallets. Advertisers and partners can access the wallet to deliver coupons and vouchers to account holders. The company also offers an NFC
payment sticker to users to enable contactless payments in various stores. Company secured undisclosed funding from private European
investment firm in 2013.
Horizontal Wallet
Nooch [Philadelphia, United States, 2010]: Nooch is a P2P transfer system which allows you to have money sent to anyone using just your
mobile phone. Charges 25 cents each time user sends money, regardless of how much they are sending, and to whom. Use cases include sending
money to friends with just a name, collect payments for a group/non-profit, or request money from clients, customers etc.
Horizontal Wallet
GOSPay [Kiev, Ukraine, 2009]: GOSPay is the mobile application to make payments or share them with friends who are listed in Contacts app.
The app was originally created as a payment tool for regular bills. Using it one can pay or share payments with friends for mobile operators, internet
and TV, international telephony etc.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

31.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (18/26)
Company Details Funding Investors
Horizontal Wallet
MyMobilePayment [Mumbai, India, 2010]: My Mobile Payments Limited operates a mobile payment platform that enables users to buy products
and make payments in India. The company offers Money-on-Mobile, a mobile wallet that lets users to carry credit/debit cards and bank accounts on
their mobile phones; enables them to pay for various goods and services, including mobile phone recharging, DTH account top-up,
railway/air/bus/movie tickets, goods bought from retail shops, and utility bills; and allows them to send and receive money.
Horizontal Wallet
mePay [Helsinki, Finland, 2014]: mePay is focusing on mobile payments and self service payments on vending, gas pumps and automation.
mePay offers QR code based and NFC based payment solutions what are reliable and secure. Location based search functions are included in
solution, to discover more places where solution is working. The company is currently in stealth mode.
Horizontal Wallet
rappit [Monterrey, Mexico, 2013]: rappit enables faster personal payments on mobile devices. The service allows users to pay tuitions, property
taxes, insurance, money orders, security services, Cable TV, internet, phone, water, gas, etc. The app is not released yet.
Horizontal Wallet
Tio [Vancouver, Canada, 2012]: Mobile app that allows users to pay multiple bills via VISA or MasterCard branded payment cards in real time.
Available for iPhone, iPad and Android. Users can choose to pay more than 6,000 billers via credit or debit card with the option of same day
processing. Powered by Tio Wallet. For US users.
Horizontal Wallet
Facewallet [Sao Paulo, Brazil, 2013]: Saffe is a face recognition based mobile payments app powered by Facewallet biometric platform for mobile
authentication. Facewallet also provides licenses for mobile apps developers to embed face recognition biometric engine in their applications. Saffe
requires one time registration of the user's face and credit cards and then the user is good to purchase at outlets that use Saffe just by face
recognition and a pin.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

32.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (19/26)
Company Details Funding Investors
Horizontal Wallet
Coinbolt [Nebraska City, United States, 2014]: Coinbolt offers a mobile based bitcoin wallet where the user has full control over his wallet and is
the only one to hold the private keys to the wallet. Private keys are encoded to memorable phrases for easy access. Private key of other wallets can
easily be imported in the coinbolt wallet for transferring bitcoins from other wallets. Currently available for Android OS.
Horizontal Wallet
KnCWallet [Stockholm, Sweden, 2014]: KnCWallet is a mobile only bitcoin wallet by mining hardware manufacturer KnC Group AB. Features
include: Sending and Receiving Bitcoins using phone contacts, Easy to use QR codes when paying in person, Dynamic conversion to local currency
and Secured bitcoins with encrypted backups to Google Drive or Dropbox. Has more than 10k android wallet downloads as of June 2014.
Horizontal Wallet
Aegis [New York City, United States, 2014]: Aegis developed a mobile bitcoin wallet. Aegis wallet supports multiple currencies and provides the
user with the ability to view their transactions and addresses on the bitcoin blockchain. Aegis Wallet allows encryption of the wallet with a password
or an NFC tag. If a user forgets a password or loses their NFC tag, the Bitcoin Security Project may be able to help the user recover their funds with
a encrypted backup file provided by the user, while other bitcoin wallets are unable to do this. The security standards on the wallet follow those
created by the Bitcoin Security Project.
Horizontal Wallet
Kipochi [Nairobi, Kenya, 2013]: Kipochi is a lightweight, easy to use bitcoin wallet associated with a mobile number, that allows users to receive
and send bitcoins all over the world even for people using simple low cost feature phones. Kipochi works on all mobile phones, having SMS, USSD
and HTML5 frontends, as well as a desktop computers. It works in partnership with M-Pesa.
Horizontal Wallet
GoWallet [Pleasanton, United States, 2012]: GoWallet's free app and website lets users scan and store multiple gift cards, track balance, buy and
redeem gift cards and even send instant gifts to Facebook friends. GoWallet is a part of Gift Card Mall, the world leader in gift cards. GoWallet also
offers a gift card exchange.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

33.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (20/26)
Company Details Funding Investors
Horizontal Wallet
Softcard [Dallas, United States, 2011]: Softcard (earlier known as Isis) is a mobile app that lets users pay with their phone. It uses a wireless
technology, NFC that can be used to pay partner merchants using contact less payment terminals. Launched in USA in Nov 2013. Compatible with
40 smartphone models. Backed by AT&T, T-Mobile and Verizon ($100M backing rumored). Google acquired technology and intellectual property
from Softcard in Feb 2015.
Horizontal Wallet
Atomx [Pune, India, 2012]: Provider of electronic wallet app along with a hardware wrist wearable which enables for billing and order management
with a tap at events. The technology also allows for getting real-time crowd analysis, create live digital footprint to engage the audience along with
integrating access control and venue ticketing.
Horizontal Wallet
TruCash [Mississauga, Canada, 2014]: TruCash, a product of DCR Strategies, is a NFC mobile wallet app. Digitized prepaid and loyalty cards
can be scanned or input via card number into the app. Card members using an NFC enabled Android device can make tap and go NFC payments,
send money on the move, save money through loyalty integration and view detailed transaction history. The Mobile Wallet app works with all
Android, iOS, and Blackberry smartphones, however NFC capabilities are limited to Android and Blackberry.
Horizontal Wallet
EnStream [Toronto, Canada, 2005]: EnStream was created to deliver payment capability over the mobile handset and they are proudly evolving to
become a common mobile commerce interface between Canada’s mobile carriers and the Canadian ecosystem for NFC transactions. EnStream
connects card and credential issuers with wireless carriers, allowing consumers to use virtually stored cards, to interact with merchant readers, for
payments or identification validation. EnStream LP is a mobile commerce joint venture company owned by Bell Mobility, Rogers and TELUS -
Canada’s three main wireless companies. EnStream manages a mobile money transfer service called Zoompass.
Horizontal Wallet
Boomerang [Henderson, United States, 2014]: Boomerang is a PayPal like payment service for family and friends. The unique feature about
Boomerang is that it automates children's allowance and tries to educate them about finance and financial management with gamification features.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

34.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (21/26)
Company Details Funding Investors
Horizontal Wallet
Sway [Seltjarnarnes, Iceland, 2014]: Sway is the social way to mobile payments. It is a new service that provides its users with an easy way to
pay friends, to split the cost or to request others to pay for something. Send and receive money in real time, with no more effort than sending a
message. Sway is developed in Iceland by the software company Memento ehf. As of Jan 2015 the company is in trial mode.
Horizontal Wallet
Paym [London, United Kingdom, 2014]: Paym, is a mobile peer-peer payment service provided by HSBC banking app. Users can register for
Paym through the banking app and link their bank account to their phone number. After confirming the registration post secure pin confirmation,
users can now transfer money to other HSBC banking users via their mobile number which can be directly credited to their account. The company
has partnered with a total of 9 banks till now to provide money transfer services to their customers. Over GBP 6.5 million has been sent and
received using Paym so far. More than a million users have registered for the service.
Horizontal Wallet
Payfriendz [London, United Kingdom, 2013]: Payfriendz is a smartphone application that allows users to top-up their cash account and then pay
any friend in their address book who is also using the application. Also offers a feature to attach a text message for the money transfer. The app
does not charge any transaction fee for domestic transfers and charges 1% on cross-currency transfer. The company generates revenue through
affiliate fees, such as friends organizing a collection for a birthday present and making payment through Amazon via the Payfriendz app where
payfriendz would get a referral fee. It will enable these purchases through a virtual Payfriendz mastercard that comes along with the app. The
company is yet to launch its application and users can currently register on the portal for notification of the launch.
Horizontal Wallet
Evenly [San Francisco, United States, 2012]: Mobile wallet app that let people send and receive requests for funds from their contacts list,
organized around events and experiences. For each participant in a pool, it would list what a user owed and what they’d already paid, if any, and
you could see progress towards the total cost of an event displayed visually, as well as send reminders to all parties involved that they have to pay
up. There’s also an activity feed that tracks progress and adds a social element to the bill sharing. Acquired by Square in Dec 2013 for an
undisclosed amount.
Horizontal Wallet
Soldi.me [Saginaw, United States, 2015]: It provides a mobile wallet and a debit card for offline use of the mobile wallet. The company claims to
give reward points for making transactions or for a simple transfer of money using Soldi mobile wallet and also not charge commision for
transactions. Soldi charges a part of the reward points the user earns as commision.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

35.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (22/26)
Company Details Funding Investors
Horizontal Wallet
BlueTree Payment [Sydney, Australia, 2014]: BlueTree Payment's BluPay mobile app allows merchants to receive cash payments from any
BluPay user. Start accepting payments in seconds. Merchants requires to carry his iPhone or iPad and BluPay app. 2.25% transaction fee. No
contracts, no monthly fees. Offers consumers a prepaid mobile wallet which can be loaded with cash using Credit/Debit Cards, Bitcoin.
Horizontal Wallet
Boosterville [Memphis, United States, 2013]: Boosterville is a prepaid mobile payment platform (application) designed to replace credit card
processing fees with a flat 1% transaction fee. The app also allows user to store loyalty cards/credits for future discounts at the time of sale. Solidus
Company and Tom & Becky Miller also participated in the seed round.
Seed Hatchery
Horizontal Wallet
Paga [Lagos, Nigeria, 2009]: MyPaga offers a smartphone application and a wallet cloud account where in the user can load cash to transfer
money P2P, make payments at offline retail stores and buy airtime for the mobile. Merchants can also offer promotional codes and cards which can
be stores in the user's MyPaga wallet. Has partnered with Airtel, Visafone, Glo and MTN to provide these telecom company subscribers with its
service. Has more than 1.75 Million active Paga users.
Horizontal Wallet
YPayCash [Bangalore, India, 2011]: YPayCash is a mobile wallet payment system that enables users to make payments using mobile phones
instead of a credit or debit card or cash. Users can load cash through net banking, credit or debit cards and can also fill up the wallet by making
cash payments at select merchants. With the service installed and activated, users will be able to use their mobile as a wallet for merchant
payments, recharge payments and fund transfers, with merchants the service has tied up with. Can hold upto Rs 50,000 in an e-wallet. Claims to
have 3000+ stores as partners.
Horizontal Wallet
Firstmonie [Benin City, Nigeria, 2013]: FirstBank offers Firstmonie Mobile Money Service, an innovative product that enables customers to
access financial and other value added services through their mobile phones. This caters to the high percentage population of unbanked population
across the country. Users just need to download the phone application, fund their FirstMonie account and start using it to make payments. The
service is available on all major the network telecommunications operators including MTN Nigeria, Etisalat and Globacom. FirstBank will also
leverage on the fund transfer capability of the mobile telephony to offer world class services. Recieved a grant of $12M from Bill&Melinda Gates
Foundation in March 2014 to execute the project.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

36.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (23/26)
Company Details Funding Investors
Horizontal Wallet
Serve [San Francisco, United States, 2012]: American Express Serve Reloadable Prepaid Card is an alternative to debit and other prepaid cards
that comes with access to benefits and the Serve mobile app for account access on the go.
Horizontal Wallet
Silouet [Cambridge, United States, 2014]: Silouet is a stealth-mode startup working on mobile payment system. Their app allows users to tip
(micro transactions) tip valets, musicians, housekeeping staff, instructors, drivers etc. The company is in stealth mode as of Jan 2015.
Horizontal Wallet
SnapScan [Cape Town, South Africa, 2013]: SnapScan is South African mobile payments company presently operational in South Africa
powered by Standard Bank. Users register their credit/debit cards on the SnapScan app and select a PIN number to authenticate their transactions.
Merchants are provided with a unique QR code. When the user has to purchase, he/she can scan the merchant's QR code, enter the amount due
and confirm the payment with user's PIN number. SnapScan provides APIs which integrate with leading POS systems. They charge 3% transaction
fees with no other extra charges. SnapScan has tied-up with over 10,000 merchants in South Africa. SnapScan is currently available to iOS,
Android and Blackberry users. SnapScan was Overall winner at the MTN Business - App of the Year Awards 2013. Part of FireID incubator.
Horizontal Wallet
PayQR [Moscow, Russia, 2013]: A QR code based mobile payment system, the first and largest in Russia. Users have to register their debit or
credit with the app and then can purchase any product with a QR code over it by simply scanning it with PayQR mobile application. No additional
hardware is required and hence it is a low cost alternative payment method. Once the user scans and pays for a product via PayQR, it can be
shipped by an online store where it is available. PayQR also offer other value added services such as consumer analytics, loyalty rewards etc. The
app is available both on iOS and Android stores.
Horizontal Wallet
Kiik [Sao Paulo, Brazil, 2014]: KiiK is a mobile payment App that allows user to save their credit/debit through host card emulation. With KiiK users
can pay your restaurant bills, taxi rides or shop at any accredited establishment. Allows splitting of bills. The app is based on QR code, through
which the app knows whom to make payment. The wallet is available for Android & iOS users.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

37.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (24/26)
Company Details Funding Investors
Horizontal Wallet
Sixdots [Brussels, Belgium, 2013]: Sixdots Mobile Wallet is a Joint Venture between Belgacom, BNP Paribas Fortis, KBC, ING and Belfius. With
the Sixdots smartphone app, users add all their cards, debit and credit, to their digital wallet and just use a 6 digit code to pay. The company has
more than 10k registered users.
Horizontal Wallet
Current C [Boston, United States, 2011]: CurrentC is a mobile payments application offered by Merchant Customer Exchange (MCX) company.
CurrentC uses QR codes displayed on a cashier’s screen and scanned by the consumer’s phone or vice versa to initiate and verify the transaction.
The system is also designed to automatically apply discounts, use loyalty programs, and charge purchases to a variety of payment methods without
passing sensitive financial data to the merchant. MCX had a deal to use Paydiant’s white-labeled mobile wallet system on the backend that works
with ACH to reduce fees. The company is run by merchants including Walmart, Target, Best Buy, CVS, Shell Oil, Darden Restaurants (Olive
Garden), HMSHost (airport restaurants), Hy-Vee (supermarkets), Lowes, Michaels, Publix Super Markets and Sears which together operate over
110,000 retail locations and process over $1 trillion in payments annually. Wal-Mart VP and Assistant Treasurer Mike Cook is considered the MCX
group’s de facto CEO.
Horizontal Wallet
CyfraPay [Madrid, Spain, 2011]: CyfraPay offers a smartphone payment application that enables users to download and register with their bank
account details. When making payments at the retail stores or other mobile/offline purchases which have partnered with CyfraPay, users can use
the app to scan the QR code and make the payment after entering the secure code to make the transaction. The card details are not shared with
the retailer.
Horizontal Wallet
Digimo Mobile Payments [Hod HaSharon, Israel, 2010]: Digimo provides mobile payments solutions to merchants through QR code scanning
and mobile wallet to consumers. With Digimo, customers upload their payment credentials and account info to their secure DigiMo account in the
cloud. DigiMo issues bank cards to merchants which have a specific bin range. Participating merchants receive a DigiMo card and unique
barcode/number for each of their Point Of Sale terminals. Finally, at the time of a purchase, a customer uses the DigiMo mobile app to scan the
barcode at the cash register. They then authenticate the app with pin or other security credentials which connects to their DigiMo account in the
cloud. This info is sent to the cloud and lets DigiMo know at which unique cash register the transaction is taking place. The merchant closes the
transaction loop by swiping the DigiMo card into the existing POS reader which rides the rest of the transaction on the regular card network and
authenticates at DigiMo’s server and debits the customer’s account.
Horizontal Wallet
Znap [Wan Chai, Hong Kong, ]: Zanp(also known as MPayMe) offers mobile payment solutions. Offers a mobile wallet where customers can input
Debit Cards, Credit Cards, and Bank Accounts and use any one they choose as a funding source when paying via ZNAP. Provides dashboard for
merchants where they can manage transactions in real-time via the cloud-based system. Its security features (which authenticate transactions and
protect users’ personal data) have been patented and do not require any third party software or integration. Znap platform optimises transactions
through the bundling of secure multi-channel mobile payments with value added solutions such as loyalty integration, business intelligence and geo
location in-app consumer communication. Was acquired by Powa Technologies in June 2014 for $75M.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

38.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (25/26)
Company Details Funding Investors
Horizontal Wallet
SnapScan [Stellenbosch, South Africa, 2013]: SnapScan is a product of FireID Payments, part of the FireID group. SnapScan provides a mobile
wallet for iOS, Android and Blackberry which can be used to pay merchants without any card. Users can save their credit card information on the
application(saved only on the user's phone) and pay by scanning the QR code of the merchant's bill. Overall winner at the MTN Business — App of
the Year Awards 2013. Working with Standard Bank, Africa's largest bank.
Horizontal Wallet
Kesh [Willich, Germany, 2012]: Kesh, developed by biw AG, is a smartphone application which serves as a prepaid mobile wallet enabling users
to make mobile purchase payments at partnered retail stores and even send and receive money to friends through the app. Users can register on
the app and charge their kesh account with money which can be used for online payments and money transfers. Merchants can register with the
service and receive a QR code for their retail which can be scanned by consumers for enabling mobile transactions. The app also includes features
to locate stores nearby accepting kesh payments, transaction history and choose favourite stores.
Horizontal Wallet
Cimbal [Los Altos, United States, 2010]: Cimbal is an electronic payment network using software-based contact-free communication technology
to turn a smartphone into a payment tool in-store, online and P2P. Cimbal produces a unique two dimensional barcode for each transaction. The
payee can initiate payment from a mobile device by scanning the code via the Cimbal app. Codes are scannable on the web, in stores, on print
materials and on other mobile devices. Merchants can integrate these codes into their point-of-sale software to accept mobile payments via iPhone
or Android with no extra hardware. There's also no license fee for merchants, but they do pay per transaction at rates that vary based on the volume
of transactions. There's also a proximity payment option for users wishing to exchange funds with friends in the same place at the same time. The
seller will request payment and Cimbal will generate the code as usual, but the payee can simply scan the code from the seller's mobile phone to
initiate payment.
Horizontal Wallet
JamPay [Sunnyvale, United States, 2012]: JamPay is a mobile shopping solution that allows businesses to sell products directly through direct
mailers, emails, SMS and social media. JamPay enables ordering or reordering from any direct marketing channel using existing or new QR codes
or bar codes. Customers scan the code with JamPay app and buy with a single click. Users can also use JamPay for re-ordering from JamPay
order history screen or through re-order sheet with product shipment. Users can share their latest purchases with friends on Facebook and
Twitter. Through its locker-key technology, JamPay guarantees secure transactions.
Horizontal Wallet
RentMoola [Vancouver, Canada, 2012]: RentMoola is a mobile and online payment network working in partnership with Visa, MasterCard,
Discover and American Express, allowing renters and condo owners to pay rent, condo fees and other payments with their favourite rewards credit
cards. Members also receive MoolaPerks giving them discounts and access to transportation, food & beverage and other rewards redeemable
across North America, UK and Europe. The fee on each transaction is currently 2.75% and the company is targeting individuals with high rent and
high net-worth individuals.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

39.
Mobile FinTech – Sector Overview
Consumer Payments-Horizontal Wallet (26/26)
Company Details Funding Investors
Horizontal Wallet
Shikapa [San Francisco, United States, 2014]: Shikapa is a mobile wallet to add, pay, access, send, and receive money anywhere. Provides
mobile payment capabilities for customers in emerging and developed markets. The company is currently in stealth mode.
Horizontal Wallet
Stylopay [London, United Kingdom, 2014]: StyloPay offers next generation mobile wallet App combined with NFC, Augmented Reality and QR
that offer limitless, fast and secure mobile payment possibilities. Company currently in stealth mode.
Horizontal Wallet
JumpQ [Ann Arbor, United States, 2014]: JumpQ offers self scanning and mobile payments for product purchase at offline stores. JumpQ is a
cross-platform mobile app built on PhoneGap which utilizes cloud-based APIs. The platform is capable of scaling by millions of items at a time
without performance degradation. Barcode scanning is built into the mobile app and allows for instant item identification through mobile cameras.
Proprietary ETL software has been developed to allow for large datasets of inventory to be imported to the platform. Square APIs are accessed to
allow automatic synchronization with merchants’ Square accounts. JumpQ uses a secure cloud-based payment platform to automatically process
payments. Currently in private beta. Looking to raise funds for public launch.
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

40.
Mobile FinTech – Sector Overview
Consumer Payments-Vertical Wallet (1/11)
Company Details Funding Investors
Vertical Wallet
TabbedOut [Austin, United States, 2009]: TabbedOut is a free mobile application for iPhone and Android that allows consumers to pay their bar
or restaurant tab from their phones. Customer payments is integrated with merchant's POS system which updates payment information directly in
POS systems. Additionally, TabbedOut has a merchant marketing solution called Periscope which enables merchants to access customer data,
marketing reports and the ability to offer personalized special offers delivered straight to the customer’s smartphone.
$17.5M
Trellis Partners, Raven Venture
Partners, New Enterprise
Associates, Morgan Creek Capital
Management, Heartland Payment
Systems
Vertical Wallet
OrderAhead [San Francisco, United States, 2011]: OrderAhead is a free mobile and web app that allows people to quickly order takeout from
local restaurants. Users connect with their credit card, order the food they want to eat at a later point, and then pick up the food with their name and
phone number. OrderAhead focuses on takeout restaurants, offering order-processing software to help them streamline the process and help
customers avoid waiting in lines. Investors include Adam D'Angelo, Eric Schmidt, Matrix Partners, Y Combinator etc.
$10.5M
Matrix Partners, Menlo Ventures,
Ignition Partners, CrunchFund, SV
Angel, Y Combinator, Crepevine
Restaurant, Red Swan, Sherpa
Ventures, LLC
Vertical Wallet
QuickPay [San Francisco, United States, 2010]: QuickPay Corp. is a provider of mobile parking payment solutions. QuickPay provides a cloud-
based mobile parking access and revenue control system that integrates with any legacy parking infrastructure and enables parking and transit
owners and operators to unify their assets under a single low-cost and fast-deploy mobile payment platform. The company also offers mobile apps
that enable users to find, access, and pay for parking. For on-street parking, the user receives a reminder of where they parked and notification
when the time or meter is about to expire. Users are also able to add time to their parking session remotely using the app. It is available at hundreds
of locations across the U.S., with new locations being added continually. The company recently partnered with ABM Parking Services, who operate
over 2,000 parking locations in the United States and Impark, a Canadian parking operator.
$9M
Accelerator Ventures, Advanced
Technology Ventures, Andreessen
Horowitz, Fontinalis Partners,
Ecomobilité Ventures, IncWell,
SNCF
Vertical Wallet
PassportParking [Charlotte, United States, 2010]: PassportParking builds cloud-based mobile payment platforms for parking and transit. The
integrated offerings can be implemented on both gated and ungated properties and adopted quickly with its Parking as a Service (PaaS) model.
Users have to register their credit/debit card with the app and can pay the parking fees using the app. Users can use their mobile phones to pay for
parking, extend their parking session remotely, receive notifications before their parking sessions expire, as well as view and print their receipts
online. It is a member of American Parking Association, IPI International Parking Institute, American Public Transport Association et al.
$7.5M
Grotech Ventures, Relevance
Capital, NEST-TN
Vertical Wallet
Cover [New York City, United States, 2012]: iOS and Android app that lets users pay their bills at supported restaurants in New York City and Bay
Area. Launched publicly in Oct 2013. Diners can pay the bill using their payment cards, including preferred tip settings and also allows groups to
split the bill evenly between guests. Cover makes its money on the back end, reducing the credit card rates that restaurants pay for transactions, in
exchange for a small service fee. Works with 45 NYC and 15 Bay area restaurants.
$7M
Lerer Ventures, Red Swan, O'Reilly
AlphaTech Ventures, Spark Capital
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

41.
Mobile FinTech – Sector Overview
Consumer Payments-Vertical Wallet (2/11)
Company Details Funding Investors
Vertical Wallet
mCash [Oslo, Norway, 2006]: mCash offers a mobile payments solution through a smartphone application which serves as a payment processor
and enables users to make payments from their mobile at the partnered retail stores of mCash. Users can download the app and register with their
account details and link their credit/debit card, scan a QR code at the retail store and choose the funding source of the account they want to make
the transaction from. For merchants it enables them to integrate mCash payment option in their mobile store and also provide their customers with
QR code scan payment in their stores. Enables merchants to build loyalty with their customers through the app itself and offer customized shopping
experience and loyalty rewards based on the customers' spending behaviour.
$6.6M Entree Capital, Northzone
Vertical Wallet
Parkmobile [Atlanta, United States, 2008]: Parkmobile is the leading global provider of seamless mobile payments. Its offerings include mobile
payments for on- and off-street parking, digital parking permits, real-time enforcement and a seamless transit parking experience. Parkmobile’s
services are used in 400 cities around the world by millions of registered users. Parkmobile’s investors include BCD Holdings and Fontinalis
Partners and BCD Holdings.
$6.3M
BCD Holdings, Fontinalis Partners,
BMW
Vertical Wallet
MyCheck [Tel Aviv, Israel, 2011]: MyCheck developed a mobile wallet to ease payments by letting people check out of a restaurant or bar without
waiting for the check or the credit card slip. Partnered with a variety of other market sectors including quick service restaurants, gas stations,
electronic parking, taxis and hotels. The Company is the largest mobile payment company in Israel today with 100k+ direct subscribers and 1M+
indirect users obtained through its partnership with Pango and Isracard. MyCheck is currently accepted by over 400 merchants in Israel, including
the country’s second largest gas station chain (with 215 locations) and the country’s largest full service café chain (120 locations).
$6.1M
Vertical Wallet
Aston Club [Melbourne, Australia, 2013]: Aston Club is a mobile app that allows patrons to pay for food and beverage in bars, restaurants and
pubs through their mobile phone. This eliminates the need to leave credit cards in bars and the waiting phase while the final bill is arranged. The
app which is free for users, makes money by charging merchant fees to restaurants. Aston Club ensures secure transactions through Braintree
technology. The Melbourne-based startup, which has already signed up 1,000 venues for its service, is looking to raise its Series A funding round.
They have already tied up with companies that will help them enter Hong Kong, Singapore and New Zealand.
$2M
Vertical Wallet
Dash [Brooklyn, United States, 2011]: iOS Mobile app that lets users pay on phone at restaurants and bars. Dash utilizes a proprietary API to
connect patron mobile devices with merchant's point of sale systems. The app allows diners to view, split-up and pay their check. Merchants
benefit from increased efficiency, social media exposure, patron loyalty, and a CRM for customer profiles. Currently available in select restaurants in
NYC and Chicago including Agave, Los Feliz, Edward’s, Tammany Hall and Opal among others. Recently, Henry Lihn from Single Platform and
Thomas McNulty from ZocDoc have joined the core team.
$1.9M New York Angels
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance

42.
Mobile FinTech – Sector Overview
Consumer Payments-Vertical Wallet (3/11)
Company Details Funding Investors
Vertical Wallet
Flypay [London, United Kingdom, 2013]: Flyapp is a smartphone application that enables users to make payments through their mobile in
restaurants based on a QR code/NFC system. The app enables users to scan the QR code at the restaurant and make the payment for their bill
along with the feature to split the bill with others through the app. For restaurant merchants, this allows them to enable a faster payment rather than
involving waiters of the restaurants to manage it manually. Additionally as the restaurants partner with Flyapp, they can offer customer loyalty
schemes in which Flypay integrates with restaurant marketing and CRM systems to potentially provide rewards and discounts for a restaurant’s
most valued customers and retain customers or attract new customers.
$1.7M Entree Capital
Vertical Wallet
Settle [Kiev, Ukraine, 2014]: Settle is simple app to make an order and pay for a check at restaurants and bars. Customers benefit form new
hospitality and dining experience: order from a menu without a waiter, pay and go, don’t wait for a check and get a cash back as a loyalty perk.
Merchants benefit from payments settlement, strong connection with customer, social media exposure and detailed analytics. Thanks to
partnerships with a number of Eastern European banks, the app connects directly to a user’s bank card without Settle having to store that card
information themselves. Currently operating in CIS countries and Europe.
$1.5M Life.SREDA
Vertical Wallet
Momoe [Bangalore, India, 2014]: Mobile application that enables users pay instantly at various outlets that are Momoe payment enabled. Friends
can split the bill among themselves using the app. Gives consumer insights to vendors and also updates customers with new deals. Increasing their
store base for implementation. 20,000 app users and 100 merchants using the platform as on Mar 2015. Planning to expand to 500 merchants by
May 2015.
$1.2M
Jungle Ventures, IDG Ventures
India, India Quotient
Vertical Wallet
HouseTab [New York City, United States, 2011]: HouseTab is a mobile payment and social network application targeting bars and restaurants.
Merchants, incentivized by saving on expensive credit card processing fees, invite customers into the network to become users of HouseTab. Users
check-in to a venue, start a tab and pay their check from their phone and receive special deals exclusive to members, and socialize with other
users on the network.
$0.6M
Vertical Wallet
Elepago [Monterrey, Mexico, 2013]: Elepago is a mobile payments platform for restaurants, bars, and clubs in Mexico and wider Latin America.
Through Elepago, the user has access to his bill in real-time from his phone, can set the tip and pay whenever he is ready. Users can divide the
check by selecting items or equally amongst a group. Restaurants can use Elepango to give personalized promotions, attract new customers, retain
current ones and do targeted marketing through big data. Supports multiple form of payments including as credit/debit cards, loyalty accounts, bank
accounts and prepaid cash. Operating in over 40 locations with over 5,000 registered users.
$0.4M
Consumer Payments Consumer Finance Enterprise Payments Enterprise Finance