Movo Garners $700,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=87b59730-dcf7-4403-a3ad-5d822d766159
Date
2/24/2016
Company Name
Movo
Mailing Address
530 Lytton Ave. 2nd Floor Palo Alto, CA 94301 USA
Company Description
MOVO is the creator of a patent pending technology called P2A4, a cutting-edge system that links the old world infrastructure of yesterday to the new world of revolutionary payment technologies promoting economic inclusion on a global scale.
Website
http://www.movocash.com
Transaction Type
Venture Equity
Transaction Amount
$700,000
Transaction Round
Undisclosed
Proceeds Purposes
The company intends to use the funds to finalize the development of its beta product, scheduled to launch this spring in the US.
M&A Terms
Venture Investor
Investor
Venture Investor
Investor
Venture Investor
Cox Automotive
Venture Investor
Undisclosed