Mobile retailing solutions specialist Accumulate has picked up more than $2 million in a new round of funding, the firm has revealed.
Led by Nordic payment services provider PayEx which already uses Accumulate technology in PayEx Mobil, Accumulate says the investment will be used to further its payments and security activity.
Our existing and new owners see a great potential in Accumulates technology, Accumulate CEO Stefan Hultberg said when the deal was announced.
Our partnership with PayEx and their mobile payment solution PayEx Mobil has attracted great interest. With our patented technology for mobile payment and identification and the new capital, we can now accelerate the pace of development and opening up in more markets.
Accumulate's mobile security platform has great potential, PayEx president Krister Fingal added.
As one of the leading players in the Nordic market for overall payment services, and now also as a partner and owner in Accumulate, we look forward to many new and exciting commercial projects.
Accumulate already boasts 9 million users and partnerships with major mobile operators and manufacturers worldwide, its Mobile Everywhere platform enabling what the firm describes as innovative payment solutions and identification via mobile phones.
The company's other service, Flexion, focuses on flexible sales processes for mobile content providers that increase revenue per customer.
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
Top Stories
News
May 31st, 2024
Week in Views - Squad Busters goes global, broken app stores, and Hill Climb Racing gets the LEGO treatment
News
May 31st, 2024
Mobile Movers: All the latest appointments and job moves from around the industry
Events
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Game Access Conference 2024 | Europe | May 31st |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
Gaymer Pride | North America | Jun 1st |
BostonFig Online 2024 | Jun 1st | |
GameSummit Summer 2024 | Jun 1st | |
Gotland Game Conference 2024 | Nordic | Jun 3rd |
Games Mental Health Summit 2024 | Europe | Jun 3rd |