Intel, MasterCard, Motorola Mobility Put $18M In Mobile Banking Platform mFoundry

mFoundry, a company that powers mobile banking solutions for more than 500 banks and credit unions nationwide, is announcing a new round of funding, to the tun of $18 million, from MasterCard (which led the investment), Intel Capital, FIS, and Motorola Mobility. This bring's mFoundry's total funding to $40 million. MFoundry's SaaS allows banks and other providers to give their customers mobile banking options, including payments. For example, mFoundry powers Starbucks' Card Mobile.

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