Zumigo Corp., a San Jose, Calif.-based provider of mobile device location and identity verification solutions, raised $6m in Series B funding.
The round was led by Intel Capital with participation from Aligned Partners and others.
The company intends to use the funds to accelerate product development and sales and marketing efforts.
Led by Founder and CEO Chirag Bakshi, Zumigo authorizes transactions through customer location and identifies the right customer with the right device, using location and network data across all global networks and mobile devices.
It also enables companies to target customers with special offers using geo-location, all with no downloads required on users’ mobile devices.
The company also received an investment from Wells Fargo and is one of the inaugural members of the Wells Fargo Startup Accelerator, a new program for innovators with technology ideas in payments, deposits, fraud, operations and other fields.
FinSMEs
22/08/2014