Portland, OR-based Tyfone, which develops mobile software for contactless payment services, has raised $5 million in equity from an undisclosed investor, according to a regulatory filing. The company partnered with Atlanta, GA-based e-commerce and payment processing company First Data in March, to offer SideTap micro secure digital (MicroSD) memory cards equipped with Tyfone’s technologies, which it says will transform any mobile phone with a memory slot into a mobile contactless payment device. The company, founded in 2004, has previously been backed by Bangalore-based Ojas Venture Partners.
Author: Thea Chard
Before joining Xconomy, Thea spent a year working as the editor of another startup, the hyperlocal Seattle neighborhood news site QueenAnneView.com. She holds a bachelor's degree from the University of Southern California, where she double-majored in print journalism and creative writing. While in college, Thea spent a semester studying in London and writing for the London bureau of the Los Angeles Times. Indulging in her passion for feature writing, she has covered a variety of topics ranging from the arts, to media, clean technology and breaking news. Before moving back to Seattle, Thea worked in new media development on two business radio shows, "Marketplace" and "Marketplace Money" by American Public Media. Her clips have appeared in the Los Angeles Times, the Santa Monica Daily Press, Seattle magazine and her college paper, the Daily Trojan. Thea is a native Seattleite who grew up in Magnolia, and now lives in Queen Anne.
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