MobileFinTechStartupLandscape Jun 2015

8/17/2019 MobileFinTechStartupLandscape Jun 2015

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MOBILE FINTECHSector Overview

June 2015

Deal Discovery Made Easy


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TRACXN

Building the largest team of Analysts tracking startups globaVenture Capital Funds


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Mobile FinTech – Sector Overview

Tracxn: Sectors we track

Illustrative Sectors Tracked

ENTERPRISEINFRASTRUCTURE

FINTECH MOBILE CO

ENTERPRISE APPLICATIONS E

HEA

SECURITY

STORAGE

NETWORKING

MOBILITY

IT OPS

CLOUD INFRASTRUCTURE

API MANAGEMENT

BIGDATA INFRASTRUCTURE

PAYMENTS

MOBILE FINANCE

CROWDFUNDING

REMITTANCE

FINANCE & ACCOUNTING

CONSUMER FINANCE

MOBILE COMMERCE

MOBILE PAYMENTS

MOBILE MARKETING

MOBILE DEV TOOLS

MOBILE HEALTH

MOBILE GAMING

MOBILE LEARNING

MOBILE COMMUNICATION

MAR

SUBSCR

FO

INTERNE

UB

SHARI

T

G

SAAS

MOBILE FIRST ENT. APPS

INTELLIGENT ENT. APPS

OPEN SOURCE

RETAIL TECH

MARKETING TECH

TECHNOLOGY

SMART CARS

SMART HOMES

WEARABLE TECH

BITCOIN

MOBILE PAYMENTS


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Mobile FinTech: Sector OverviewThis report covers Mobile-First companies across Payments & Finance (incl. Banking, Personal Finance, Public ma

• $2.3B invested in last 5 years in this sector, with ~$1B in last 1.5 years across ~90 rounds

• 5 acquisitions in the last 6 months• LevelMoney by CapitalOne, WebPay by Line Corp, LoopPay by Samsung, Paydiant by PayPal and Read

• Most Active Investors

• Andreessen Horowitz (invested in Bump, Dwolla, Jumino Netswipe, Boku, QuickPay & Robinhood )• SV Angels (invested in Bump, BillGuard, Simple, OrderAhead, Expensify, Boku & CardSprin g)• Google Ventures (invested in Gyft, LevelUp, RobinHood, Abacus, Digit & Corduro )

• Most Active Accelerator

• Y Combinator (invested in OrderAhead, Kash, Bump, Swish, Abacus, ReadyForZero & Regalli )

• Most recent investments• Digit - $11.3M Series A from General Catalyst, Bessemer Venture Partner, Google Ventures, May 2015• Robinhood - $50M Series B from New Enterprise Associates, May 2015• Acorns - $23M Series C from Greycroft Partners, E.Ventures, April 2015

• Segments that saw most VC funding in 2015• Personal Finance Management ($50M), Micro Savings ($34.3M), White Label Wallets ($30.2M),

Vertical Wallets ($30.0M), Mobile Banking ($10.6M)


5/99Mobile FinTech – Sector Overview

Mobile Fintech: Over 450 companies founlast 5 years, with an upward trend

35

72

95

110

136

30

2010 2011 2012 2013 2014 2015Year

# Mobile Finance companies founded between 2010- YTD 2015(this set includes 1/3rd funded and 2/3rd unfunded companies)

Y T

Note: Includes ~470 companies including 160 funded and remaining unfunded



Mobile Fintech: ~$1BM invested in last 1.5across ~90 funding rounds

$172m

$302m

$501m

$405m

$796m

$18

24

42

76

143

67

22

0

200

400

600

800

1000

2010 2011 2012 2013 2014 20

F u n d s R

a i s e d ( i n $ M i l l i o n s )

Funding amount & # funding rounds by year (2010-YTD 2015)

Total Funding No. of Rounds

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279

95

64

49

38

31

14

13

8

7

2

mPOS

White LabelWallet

PublicMarket…

HorizontalWallet

MicroSavings

Banking

VerticalWallet

PFM

BusinessExpense…

Technology

Carrier Billing

Cumulative Funding across various Mobile Fintech startups in last12 months (in $ million)

B u s i n e s s M o d e l

Mobile Fintech: Top Funded Segments baon last 12 months investment

Note: Includes funding rounds announced between June 2014 – May 2015

DoPay ($2.0M)

Mobeewave ($6.5M)

Expensify ($3.5M), Abacus ($3.5M)

Tink ($4.0M), MoneyDashboard ($3.7M), Billguard

Cover ($5.5M), MyCheck ($5.0M), Settle ($1.5M),

Monitise ($75.0M), YellowPepper ($19.0M)

RobinHood ($63.0M)

MobiKwik ($25.0M), Yoyowallet ($10.0M), Dwolla (

Acorns ($23.0M), Digit ($13.8M), Qapital ($1.3M)

Number26 ($12.6M), Osper ($10.0M), Moven ($8.0

Square ($150.0M), Revel Systems ($100.0M), FlinPayMents ($6.0M), PayClip ($5.2M), Sr.Pago ($1.



ENTERPRISE-FOCCONSUMER-FOCUSED

Mobile Fintech: Market Map

Carrier BillingsPayments added to mobile prepaid or subscription prepaid bills

!"#$ F'G:H)*IJ *"K/0 F';)H)*I

Vertical WalletMobile wallets that facilitate payments in a particular industry

L/DD49M$C F'5GH4/9 F'5)H)*I

Horizontal WalletMobile wallets that facilitate payments across different industries

O."--/ F'(;H""9 F'SSH)*IJ 1C"?#L"$?> F'



VC funding saw a shift from payments tofinance startups

Banking

Business ExpenManagement

Carrier Billing

Horizontal Wallets

M

mPOS

PFMPublic Market

Technology

Vertical Wallets

White Label Wallets

5)

5))

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F u n d s R a i s e d ( i n $ M i l l i o n s ) ( L o g S c a l e )

Average Founded Year

:),?*',, @"+'& .&),#'(, %0 .)@)&$#?A' B)*+?*CD $A'($C' $C' "B ,#$(#E)F, G *)@%'( "B ."@F

1,\4 "W C>4 D$DD-4 ,89,?/C4B

8$6D43 "W ?"6K/8,4B ,8

C>4 B4P648C

Note: Analysis includes 379 companies across 11 key business models



Mobile Fintech: Acquisitions in last 6 mon

• Jan 2015 - LevelMoney by CapitalOne for an undisclosed amoun

had raised $5m from Kleiner Perkins Caufield & Byers.• Feb 2015 - WebPay by Line Corp for an undisclosed amount. WebP

raised $1.2m.

• Feb 2015 - LoopPay by Samsung for an undisclosed amount. LoopPraised $10m.

• March 2015 - Paydiant by PayPal for reported $300M. Paydiant had$34.8 amount from North Bridge Venture Partners, General Partners & Stage 1 Ventures.

• May 2015 - ReadyforZero by Avant for an undisclosed ReadyforZero had raised $4.2m from Y Combinator, 500 Startups,Partners & Citibank.


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Mobile Fintech: Most Active Investors Andreessen

Horowitz SV Angels

GoogleVentures

IndexVentures

Y Combinator Intel Capital Se

Ca

C o n s u m e r

P a y m e

n t s

HorizontalWallet

Dwolla,Clinkle,

QuickPay

Gyft Clinkle Kash Clinkle Mob

Vertical Wallet OrderAhead OrderAhead

Carrier Billings Boku Boku Boku Fortumo

C

o n s u m e r F i n a n c e Banking Simple Osper

PFM BillGuard ReadyForZero

AlternateSavings

Digit

Public Market

Investing RobinHood RobinHood RobinHood

E n t e r p r i s e

P a y m e n t s

mPOS Jumino

Netswipe iZettle Swish

PagPop,iZettle

SqQF

White LabelWallets

LevelUp mFoundry

Technology CardSpring

E n t e r p r i s e

F i n a n c e Business

ExpenseManagement

Expensify Abacus Abacus


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Mobile FinTech Company ListDetails 350+ companies (160 funded & 219 unfunded)


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ENTERPRISE-FOCCONSUMER-FOCUSED

Consumer Mobile Payments Company Lis

Carrier BillingsPayments added to mobile prepaid or subscription prepaid bills

!"#$ F'G:H)*IJ *"K/0 F';)H)*I

Vertical WalletMobile wallets that facilitate payments in a particular industry

L/DD49M$C F'5GH4/9 F'5)H)*I

Horizontal Wallet

Mobile wallets that facilitate payments across different industriesO."--/ F'(;H""9 F'SSH)*IJ 1C"?#L"$?> F'


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Consumer Payments-Horizontal Wallet (1/26)

Company Details Funding

Horizontal Wallet

Dwolla [Des Moines, United States, 2008]: Dwolla is a payment network that allows any business or person to send, request and accept money.Has built their own network that securely connects to your bank account and allows users to move money for just $0.25 per transaction, or free for transactions $10 or less. Users can send money to email addresses, phone numbers, LinkedIn connections, Twitter followers, and businesses thataccept Dwolla. Some Bitcoin exchanges allow users to buy bitcoins with dollars transferred to the exchange via Dwolla and allow users to sellbitcoins and have the proceeds transferred back to them using Dwolla.

$32.5M

Horizontal Wallet

MobiKwik [Gurgaon, India, 2009]: MobiKwik is a digital wallet service with a turnover of close to Rs 200 crore as of Dec 2013. Allows users tostore upto Rs 50,000 in wallet and recharge mobiles, pay bills and shop across merchants in India across various channels – Apps, Website, Mobilewebsite, SMS or IVR. Tied Up with offline stores like Cafe Coffee Day (CCD) to enable its customers make payments through the MobiKwik wallet.claims to have over 15 Mn registered users. It has partnered with more than 50,000 businesses across e-commerce, such as BookMyShow,Domino’s Pizza, eBay etc. Claims to have 17M+ wallet users, and 50K merchants on board as of May 2015. Planning to open the platform to onlineretailers as well. Raised Series B from Treeline Asia, Sequoia Capital, Cisco Investments and American Express, had raised series A in 2013 froman unnamed US-based VC firm.

$30.3M

Horizontal Wallet

Bling Nation [Palo Alto, United States, 2007]: Bling Nation is a mobile platform that utilizes tap-and-connect capabilities of NFC technology. BlingNation was designed as a regional mobile wallet for local community banks and merchants. It operated through a contactless payment sticker adhered to users' phones. Though it was well received at first, merchants dropped support after Bling Nation pushed them to adopt its loyaltyprogram. At its peak, Bling Nation had between 15 and 20 banks issuing stickers and about 1,000 merchants nationwide using its service

$28M

Horizontal Wallet

Clinkle [San Francisco, United States, 2011]: Clinkle is a mobile payments startup company, currently beta testing its product. The product willinclude a mobile app that serves as an online wallet. Wallets will be able to be linked to existing credit cards or bank accounts. In 2013 it raised $25million in what became Silicon Valley's largest seed round. The company plans to introduce its payment platform this year. Founded by LucasDuplan, a Stanford Graduate at the age of 21. COO Barry McCarthy stepped down to advisory role in Mar 2014. Fired 25% of the workforce (16employees) as a part of internal reorganization.

$25.5M

Horizontal Wallet

doxo [Seattle, United States, 2008]: Doxo centralizes managing accounts and bill payments. It acts as a digital file cabinet used to organize andmanage user's bank accounts. Users can also store, organize and also receive and pay bills of the partner companies. Key take away is that usersreceive and pay bills with one account and one password from a single app. Featured as Top Finance app by Parade, received New Product of theYear by American Business Awards. Doxo investors include venture partners Mohr Davidow Ventures and Bezos Expeditions.

$18.8M

Consumer Payments Consumer Finance E


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Horizontal Wallet

Yoyowallet [London, United Kingdom, 2013]: Yoyo combines payments, personalized coupons and offers and automatic loyalty points collectionsystem in one app. Users can pay at a merchant store by a scan of the one time QR code. By making transactions through the app, users receiverewards from the retailers and depending upon the transaction history the retailers can send the users tailor-made marketing campaigns. Thecompany claims over 150,000 transactions a month, and a growth rate of 25% MoM. In July 2014, Yoyo was named as one of the Top 10 hotteststartups in London by WIRED UK magazine.The app bagged 'Best Pitch' and 'Best Innovative Idea' awards in Pitch @ Palace, an initiative run by

the Duke of York.

$15M

Horizontal Wallet

PayMate [Mumbai, India, 2006]: Owns PayPOS. Present in India, USA, Sri Lanka, Nepal, and UAE. PayMate enable consumers and merchants tomake and receive payments on their mobile phones. With PayMate, consumers have the ability to setup a mobile wallet account, fund it in multipleways, use it to shop online or in retail stores, pay bills, buy tickets, top up pre-paid mobile phones, do person-to-person transfers, and much more.GiftMate is PayMate's prepaid wallet offering. Green Money Transfer is PayMate's money transfer service currently live in India. PayMate'sremittance solution enables banks and money transfer companies to offer mobile initiated money transfers. PayMate's MPP platform enablesFinancial Institutions and Mobile Operators to offer services like mobile banking, ewallet, bill payment, and person-to-person transfers to their customers. PayMate's India ecosystem includes over 15,000 merchants and 30 banks and 6000+ Galileo agents, and more. Processing $500Mworth of transactions in July 2013.

$14M

Horizontal Wallet

Sequent [Mountain View, United States, 2010]: Sequent Software is a provider of mobile commerce software and services. Sequent provides asoftware and services platform that is designed to enable consumers to download payment cards and other credentials to their mobile devices anduse them to make payments and access information and offers from mobile network operators, retailers and financial institutions. The company’spatented technology also makes it easy to add Near Field Communication (NFC) payments and other credentials into branded consumer mobileapps.

$12M

Horizontal Wallet

MoneyOnMobile [Mumbai, India, 2010]: MoneyOnMobile (MOM), part of My Mobile Payments Ltd. (MMYL), allows its users to load their mobilephones with cash at retail touch points and then use this virtual money for prepaid top-up, DTH recharge, post paid bills, utility bills, travel ticketsetc. As of March 2014, the company has a retail network in 300 cities, 5 lakh subscribers and enables Rs 2.5 Cr worth daily transactions. CalpianInc, which now owns major stake in MOM, received $1M funding for its operations in March 2014. Has an employee count of 300 as of Feb 2015.The parent company, My Mobile Payments Ltd, is reportedly in talks with private equity investors to raise $40 mil lion (Rs 250 crore) at a valuation of Rs 1,500 crore as of Feb 2015.

$10M

Horizontal Wallet

LoopPay [Woburn, United States, 2013]: LoopPay is a mobile wallet that enables payments at most of PoS terminals. It consists of two parts —an iPhone app called LoopWallet, and a detachable fob you can use both to load the app with your cards and to pay, with or without the phone, atstandard, everyday card readers used by all kinds of merchants. Charges $39 for the Loop Fob. Also offers a $99 iPhone case that transmitspayments (and also includes a built-in extra phone battery). Was supposed to launch an Android app in April 2014. Founded by Will Graylin (soldtwo payment startups) and George Wallner (inducted into Payment Hall of Fame in Mar 2014). It has been acquired by Samsung Electronics inFebruary 2015.

$10M



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Horizontal Wallet

Fastacash [Singapore, Singapore, 2012]: Fastacash provides a global social payments platform which allows users to transfer value (money,airtime and other tokens of value) along with digital content (photos, videos, audio and messages) through social networks and messagingplatforms. The company has developed a patent pending link generation technology that enables the value transfer with a secure link. VentureRound was led by Jagdish Chanrai, a Singapore based investor.

$8.5M

Horizontal Wallet

Lemon [Palo Alto, United States, 2011]: Lemon is a cloud based smartphone wallet app that organizes and stores user's IDs, credit cards, loyaltycards, receipts, coupons and more thus providing a complete mobile money management application. Users can also access real time accountbalances and fraud alerts. Before acquisition, the wallet had 3.5M downloads and reported to be saving 1000 new cards every hour as of May 2013.

App is compatible with iOS, Android, and Windows Phone devices

$8M

Horizontal Wallet

iPAYst [Munich, Germany, 2010]: iPAYst is a multi channel mobile payment application which uses on an QR-Code scan system to trigger apayment transaction. Users can download the app, register with their bank account and enter the details of their payment cards and use the QRcode scanning at the retail stores to make cashless payments. For merchants, it not only enables for an easier payment framework instead of ahardware POS system, but also allows for a better customer targeted marketing and loyalty rewards program along with discounts to their customers for high retention. Other features of the app include sending and receiving money with friends who are also using the app and also allowsusers to locate the partnered retail stores on a map in their location.

$7.9M

Horizontal Wallet

Gyft [San Francisco, United States, 2012]: Gyft is a mobile gift card app that allows customers to buy, store, send, and redeem gift cardsconveniently from their mobile device. Gyft is seamlessly integrated with Facebook so users can easily send messages and gift cards to their friends around special events. Consumers can also upload existing plastic gift cards to the app. Gyft launched a B2B API program in 2013 thatallows third party corporates to offer their own programs. Gyft offers solutions to any size business from large corporates to SMB.

$7.5M

Horizontal Wallet

Bancore A/S [Copenhagen, Denmark, 2005]: Bancore makes mobile payment solutions available for the un-banked populations in emergingmarkets. Provides Prepaid Virtual VISA, Money Transfer, Bill Payment, Virtual Calling Card and International Prepaid Airtime services.

$6.6M



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Horizontal Wallet

Ensygnia [London, United Kingdom, 2012]: Ensygnia offers Onescan, a smartphone application that enables online mobile payments in-storeand on-the-go. The app allows any smartphone to interact with any other connected screen. Users enter their account details in to the app and canmake online payments by scanning websites that are set up to work with the app based on QR codes. The company's two granted UK patents for the Onescan process cover both log-in and payment applications. It has recently filed i ts patents in 59 countries worldwide. Its patented technologyhelps to replace the checkout system with a single QR code scan. Recent awards include Finalist in the Consumer Trust category at the Meffys; and

a winner in the UK's Smarta 100 Awards for Britian's best and brightest new businesses. Ensygnia was accelerated by Wayra, the Telefonica / O2 Academy London. 2013 Cohort.

$6.5M

Horizontal Wallet

Salt [San Francisco, United States, 2011]: Salt Technology offers a mobile wallet. Salt provides a powerful and secure mobile merchantprocessing solutions. They have an end to end PCI Compliant platform, with a full issuing and acquiring capability, complete with advanced frauddetection, developer friendly API’s, a patented and easy One Touch checkout experience, secure storage tokenization, recurring payments, silentredirect, loyalty card credits and reconciliation in the cloud and a cli ent experience which not only facilitates a fast and easy checkout but also is fullyenabled for proximity payment technologies like NFC and architected for many other enhancements.

$6.5M

Horizontal Wallet

Kuapay [Santa Monica, United States, 2011]: Kuapay is a payment service provider that combines digital wallet and mobile payments that allowsconsumers to present a one-time QR code to a merchant, authorize a purchase, and receive a receipt. For security purposes, Credit cardinformation is not transmitted in the QR code. The system also includes location-based coupons and loyalty marketing. This one-time mechanismincreases security over presenting a credit card number. As of 2013, Kuapay is used by over 600 merchants in the United States. Founder Joaquin

Ayuso de Paul, co-founder of Tuenti.com, a popular Spanish social network sold to Telefónica for 100M $.

$6.5M

Horizontal Wallet

Yoyo [London, United Kingdom, 2013]: Yoyo offers a mobile payment and loyalty app that enables users to make mobile payments at variousretail stores partnered with the company. The app comprises of a QR code scanning for mobile payments at the retail, replaces loyalty cards whichcan be managed through the app itself. For merchants, it serves as a marketing platform to automate consumer targeting and push loyalty rewardsbased on the customer purchase behavior and transaction data. It enables them to accept mobile payments which integrate with the POS systems.Launched at Imperial College London, it serves over 20k members in the campus, while targeting other universities and high street retailers inLondon and UK in general. Customers include Universities of Greenwich, W estminster, Essex, Bedfordshire and Fernandez & Wells.

$6.3M

Horizontal Wallet

Vivotech [Redwood City, United States, 2001]: Vivotech provides contactless/NFC payment software, NFC smart posters, and over the air card(OTA) provisioning, promotion, and transaction management infrastructure software. Its products include contactless payment systems; ViVOnfc, anOTA infrastructure software for NFC mobile payments and promotions; and ViVOplatform, which provides retailers with the software platform for promotional and loyalty applications. The company also provides merchant, ISO and acquirer, issuing bank, wireless operator, and consumer valueproposition solutions. Its products are used in various applications in movie theaters, fast food restaurants, casual dining establishments,convenience stores, gas stations, drug stores, grocery stores, buses, taxicabs, and vending machine locations, as well as by retailers. The companywas founded in 2001.

$4.7M



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Horizontal Wallet

Pushpay [Seattle, United States, 2011]: Pushpay is designed for two simple purposes: helping organisation get paid quicker and to simplifyeveryday payments or donations for anyone with a smartphone. User can only pay through Pushpay to registered merchants, businesses andcharitable trust. Users just have to load their cards onto the Pushpay server and later on make payments using the Pushpay wallet application. Hasmore than 50 registered businesses. Has a second office in Auckland, New Zealand.

$3.9M

Horizontal Wallet

AtPay [Albuquerque, United States, 2011]: AtPay provides web and email checkouts for smartphones, computers and tablets. For merchantstheir Two-Click API adds secure payments to marketing emails and streamlines your existing web checkout as easily as adding JavaScript to anexisting website. Users when signing up enter their card details which are saved and then at any AtPay's partner store can pay using the walletwhere the payment is authorized using a simple email to the user.

$3.5M

Horizontal Wallet

Gratafy [Seattle, United States, 2011]: Mobile-based social gifting app that lets users gift food and drink items from local bars and restaurants toanyone using only their email address or phone number. Gift recipients are notified instantly and can redeem at the restaurant from their phone. Asof Nov 2013, company had partnered with close to 250 restaurants in Seattle and Los Angeles. Founded by University of Washington grads.

$3M

Horizontal Wallet

Ribbon [San Francisco, United States, 2012]: Offers two products, a wallet for P2P transactions (even if the receiver is not on Ribbon) andRibbon Merchant, to accept payments instantly without having to write any code. Products checkout forms can be hosted as a one-page checkouton Ribbon, or integrated into the seller’s website and social media platforms using a simple copy and paste.

$1.8M

Horizontal Wallet

SimplyTapp [Austin, United States, 2011]: SimplyTapp provides mobile payment distribution and authorization solutions for enterprises includingfinancial institutions, big box retailers, fuelling stations, quick service merchants as well as mobile wallet providers and developers. They leverageemerging payment and distribution technologies like NFC, host card emulation (HCE) and secure element in the cloud to add secure and flexiblepayment functionality to mobile applications. Rather than placing it in a secure element on the phone, SimplyTapp stores the data in the c loud on a“remote secure element” and passes encrypted transaction data through the phone to a point-of-sale terminal when the user makes a purchase.

$1.6M



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Horizontal Wallet

Mobilligy [Bellevue, United States, 2011]: Mobilligy is a free mobile payment solution that provides consumers a unified hub from which tomanage and pay all of their bills, with no third party fees or agreements necessary. It syncs and organizes users’ bills into one intuitive interface,which schedules payments via tablet or smart phone. It even checks for sufficient funds before submitting payments, so users won’t have to worryabout overdraft fees. Available for all mobile platforms and has over 20,000 customers as of Feb 2014. Backed by Microsoft Accelerator.

$1.5M

Horizontal Wallet

Droplet [Birmingham, United Kingdom, 2011]: Droplet offers a smartphone mobile wallet application that enables users to load money into it anduse it for retail payments without any transaction cost for the consumer or merchant. Both the users involved need to have the mobile applicationpost which money which is loaded into the app's wallet can be transferred via an email address linked to the app. The app also shows the user allthe merchants who have partnered and are located nearby through an app interface. Other features include reviewing transaction history made onthe app, loyalty programs by merchants through the app along with a backend platform for merchants to get customer insights based on their purchase activity. It makes a very small amount of money in i nterest from these deposited funds in the prepaid wallet on the app.

$1.4M

Horizontal Wallet

Venmo [New York City, United States, 2009]: Venmo is a peer-to-peer mobile payment service. Venmo is the most convenient way to pay friendsfor lunch, tickets and any other shared activity. Users can use Venmo to: Split meals, bar tabs, cab rides, groceries, and rent with friends, buyfriends coffee, send them fun gifts or a birthday drink from across the country, and avoid ATMs. Also provides a newsfeed for payments and userscan also add comments to their transactions.

$1.3M

Horizontal Wallet

PicPay [Vila Velha, Brazil, 2012]: PicPay is a Brazilian mobile payment company that offers payments through QR code scanning on the user'ssmartphone or tablet. Users download the app and save their credit card data. Advertisers can insert codes in their online and offline campaigns,which PicPay readers decode through the camera and pay by scanning the unique QR code of the product they intend to buy. Customers includePerfumagi, Kanui, Fluir and the company has a partnership with major Brazilian credit card operator Cielo.

$1.2M

Horizontal Wallet

QThru [Seattle, United States, 2011]: QThru enables shoppers to use their Smartphone to scan products as they shop and then efficientlycheckout using a mobile checkout kiosk. A mobile checkout kiosk could be a traditional self-checkout station, a portable tablet, a credit cardpayment station, or a QThru provided all-in-one kiosk with embedded scanner, card reader, and printer. The product is a scalable self-provisionedopen shopping and checkout platform.

$1M

C P H i l W ll ( / )Consumer Payments Consumer Finance E


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Horizontal Wallet

Paay [New York City, United States, 2011]: Paay is developing a digital wallet that mobile device users can use with any carrier. The company’sdigital wallet product will come in the form of a mobile application. When a user shops online, and when they are ready to checkout, they click thePAAY button. Rather than entering all of their information right then, they enter the phone number and a message is sent to the user's PAAY app.The user approves the purchase in app and then the amount gets paid to the ecommerce site. The cr edit card number isn’t stored on the phone or at the merchant’s website but rather stays with the credit card processor.

$1M

Horizontal Wallet

payByMobile [Dublin, Ireland, 2009]: Paybymobile is a virtual wallet that lets anyone text to pay when shopping online. Shoppers load money ontheir wallet at those same shops where they top up to buy airtime and then simply text to pay when shopping at their favourite online store.Paybymobile uses familiar prepaid mobile usabili ty to deliver online payments for everyone with a mobile.

$0.8M

Horizontal Wallet

Satispay [Milan, Italy, 2013]: Satispay is a payment network that offers a smartphone application that can be used for peer to peer money transfer,in-store and online purchases and nonprofit donations through a cross-platform mobile app. Users can also set their weekly budgets and spendaccordingly. Users can download the app and register with their mobile number and linking their bank account.

$0.6M

Horizontal Wallet

Cardley [Chicago, United States, 2012]: Cardley is a transaction processing engine that offers a digital wallet by combining multiple loyalty andgift cards into a single account. Cardley enables its partners to provide customers one-swipe access to digital versions of the different tender typesthey use daily. Its patent-pending transaction processing system invokes the items in a customer’s wallet that provide optimal savings.

$0.5M

Horizontal Wallet

Lendstar [Starnberg, Germany, 2013]: Lendstar is a social payment app that enables friends to borrow, lend, split and raise money. Available for iOS and Android, the app will offering additional services such as cost splitting, real time money transfer via mobile wallet or a Lendstar brandedprepaid credit card in a few weeks.

$0.5M

C P t H i t l W ll t (8/26)Consumer Payments Consumer Finance E


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Horizontal Wallet

RetApp [Brescia, Italy, 2012]: RetAPPs has developed the SmartBip solution that integrates services of Mobile Self Scanning, Mobile Payment,Shopping List Management and Mobile CRM (Loyalty, Promotion & Couponing). Has 20 Million+ Registered users. Coop Estense - largestsupermarket chain in Italy, Auchan, Tigros, and Conad Centro Nord are among its clientele. RetApp was incubated at Superpartes InnovationCampus of Brescia.

$0.5M

Horizontal Wallet

Gliph [San Mateo, United States, 2012]: Bitcoin payment transfer mobile app that also offers anonymous messaging. Integrates with walletservices like Coinbase, BIPS, Blockchain.info. Can be used for transactions over public portals like Craigslist. 2000+ accounts created.

$0.4M

Horizontal Wallet

nanoPay [Toronto, Canada, 2012]: nanoPay provides a mobile wallet for consumers to pay at online and offline retail stores. nanoPay created an API-based cloud payment solution, which makes it easy for merchants (online & retail) to use their payments solution. Integrates loyalty, electronicreceipts and coupons with their secure payments to improve the end to end experience for consumers and merchants. Consumers use a simplesmartphone app to pay, collect rewards, receive electronic receipts and use coupons without risking identity theft through our secure platform.

$0.4M

Horizontal Wallet

Paddle [London, United Kingdom, 2012]: Paddle stores the user’s credit card and delivery details and enable payments to be made using amobile phone and accompanying app by scanning a visual code using the phone’s camera. Typically it enables users to shop via a desktop versionof an e-commerce site and pay using their mobile phone to log in and make a payment. Merchants can register with paddle and integrate it withtheir POS and retail website for a faster customer checkout. The company is currently in public beta phase.

$0.2M

Horizontal Wallet

Paymey [Berlin, Germany, 2013]: Paymey offers a mobile payment solution for businesses and consumers for the payment ecosystem. It partnerswith net-m privatbank 1891 AG allowing it to operate as a SEPA-ready PSP and creditor within the laws and regulations of the European Union.They offer barcode scanning solutions to merchants, enables them to use the existing barcode scanning hardware and process payments throughits API with transaction costs of 1%. In the partnered online stores users pay by scanning a QR Code. Users can also use the app for peer to peer money transfer via phone number or email address as reference.

$0.2M

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AirPay [San Diego, United States, ]: Mobile wallet app that enables users to pay with a smartphone at participating merchants, where they canearn rewards and enables social sharing with Foursquare, Twitter, etc. Initially users have to enter their card details in the app and to pay for apurchase, users display a QR code to a scanning device on the merchant’s counter. Raised $200,000 from four undisclosed investors in 2012

$0.2M

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Xipwire [Philadelphia, United States, 2009]: Xipwire was a mobile payment service provider allowing payments and money transfers to be madewith mobile devices using text messages. Mobile money transfers serve as electronic alternatives to traditional paper methods such as checks andmoney orders. A Xipwire account can be funded with an electronic debit from a bank account or by a credit card. The mobile-to-mobile serviceallows consumers and merchants to send and receive money through text messages, protected by a PIN. Received Wiki-leaks donations for free.

$0.2M

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PocketSuite [San Francisco, United States, 2013]: PocketSuite is an iPhone app that helps mobile professionals drive new customers and runtheir business. Mobile dashboard giving real-time visibility into key metrics: unpaid bills, payments received, and new business referrals. The appoffers to save debit/credit card based on the HCE technology. The company charges 2.99% for processing every transaction through their app.

$0.1M

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Kash [San Francisco, United States, 2014]: Kash is a mobile wallet through which it becomes very easy to pay via a smartphone with no creditcard fees associated. The product focusses on retailers and small business for they can save the 3% transaction fee every time their customerspays them. Customers use the app for easy transactions. Kash’s app just shows a green debit card labeled tap to pay. Kash gets around creditcards entirely by letting users pay straight from their checking accounts by entering their online banking log-in info. For small businesses, Kashdoesn’t charge any fees on the first $100,000 of payments in processes. This means that bigger retailers using the service will effectively subsidizeearly usage by local businesses that si gn up. Part of YCombinator S14.

$0.1M

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FigCard [Boston, United States, 2010]: Boston-based Fig Card allows merchants to accept mobile payments in stores by using a simple USBdevice that plugs into the cash register or point-of-sale terminal. Consumer needs to have the Fig app on his or her smart phone. Consumer logsinto the Fig Card app, finds the merchant and selects what he or she wants to buy and pays using the app. It has been acquired by Paypal in 2011for an undisclosed amount.

$100k

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Kashmi [Singapore, Singapore, 2014]: Kashmi is a quick way for friends to electronically exchange money using their smart phones withgamification features. Users are required to enter their credit/debit card and bank account details when they register. Users then can send andreceive money from people in their social circles with no transaction fees with an upper limit of 800 USD. Kashmi charges 4% processing fee whilecrediting the Kashmi wallet and 1% while cashing out through bank account.

$30k

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Aveki [Seattle, United States, 2013]: Aveki has developed technology to make logging into websites and paying for content as easy as keys andcash. No need to create a user name, or memorize a new password. No need to disclose your name, address or credit card info. Now, using just hismobile phone, user can make payments anonymously, both online and in-person. Application is built around mobile payment solution with a walletat its core. Aveki will allow secure and safe mobile payments without revealing user's private information. Currently in stealth mode, will launch theproduct for public use in Summer 2014.

$10.5k

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Yodo [Victoria, Canada, 2014]: Yodo provides a mobile money service. Uniquely based on anonymous 'cash' with custom content deliveryserviced by a sophisticated Big-Data Cloud computing back-end. Android and iPhone mobile Apps work in unicism with Yodo's POS Launcher (API)to allow secure anonymous cash based payments on any third party POS application. A successful pilot successfully completed, Yodo is nowpartnering with several POS applications to integrate Yodopay as an s tandard payment process prior to entering our beta phase.

Horizontal Wallet

Zipcash [Mumbai, India, 2007]: Zipcash is a mobile wallet/voucher service which allows customers to make payments from their mobile for manyservices including recharge, bill payment, mvouchers and online shopping. Partners with merchants like Redbus, BookMyShow, eBay, Indiaplaza.Has received the authorization from RBI to issue prepaid instruments under the Payments and Settlements Act, 2007.

Horizontal Wallet

Moocho [Buffalo, United States, 2011]: Moocho provides a free closed-loop, mobile payment wallet to college students, enabling them to pay withtheir phone for everyday purchases at area merchants, while integrating offers and loyalty rewards. The technology used by Moocho is based on

Authorize.net, a VISA company. The company is currently active at 10 college campuses around the U.S.

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ModoPayments [Richardson, United States, 2010]: ModoPayments offers mobile payment transaction at any location that accepts either Visa or MasterCard with no change to POS and no change to the phone that uses ModoPayments. They create monetary savings that users can cash in onif they transact with ModoPayments instead of another tender. In Oct 2012, ModoPayments partnered with Alliance Data Retail Services (a provider of over 100 private label and co branded credit card programs) to provide a series of social and mobile gifting functionalities via its Modo Connectmobile payments platform.

Horizontal Wallet

ChimpChange [Hollywood, United States, 2012]: ChimpChange is an app-based, web-enabled, Facebook integrated money payments systemthat allows users to send money to anyone instantly, from their bank account, debit or credit cards using only the receiver's cell phone number.Every ChimpChange account comes with a Prepaid MasterCard, which can be personalized, and used anywhere in the world MasterCard isaccepted. The app is yet to launch.

Horizontal Wallet

Close Payment [Stockholm, Sweden, 2014]: Close Payment, a product launched by Accumulate AB, is a mobile payments and proximitymarketing solution. Users can input their credit, debit, loyalty and gift cards into the Close Wallet by taking their picture. For merchants, the companygives a Close Beacon, a BLE-based device that sends alerts about offers to the customer who is in proximity to the merchant store. The customer isthen guided in the store by the beacon and provided with other offers that might interest him/her. When the Close Beacon feels the presence of thecustomer's phone, the cashier sends a request to the customer, who then approves the transaction and makes the payment on his Close Wallet.Further, Close Wallet can be used to pay online on web and mobile sites.

Horizontal Wallet

Biopaym [, Argentina, 2013]: Biopaym is a biometric payment platform based on iris & facial recognition technology. A revolutionary ecosystem of wallet in the cloud, that uses biometric authentication to identify the shopper and authorize payment in real time and safely. Biopaym applicationallows user to store card information in the wallet and instead of entering the pin to unlock the wallet app, the application used biometric means toauthenticate the user making the wallet application safe and secure.

Horizontal Wallet

QGS [Seattle, United States, 2010]: QGS develops mobile apps for merchants and also provides a mobile wallet focused on consumers. ProvidesMarketing, Business Development and Mobile Kiosk apps for merchants. QGS Wallet enables consumers to pay using their mobiles.

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Appetite [Toronto, Canada, 2011]: Offers a mobile wallet for consumers and white label solution for merchants. Users can set up their Appetite®account, sync their gift cards with the account and pay from the app at partnering merchant stores. Its cloud based platform syncs the user'sbalances, points, and rewards at one place. The app will be released in Summer 2014.

Horizontal Wallet

Qarth [Bangalore, India, 2012]: X-Pay, product of Qarth is a Multi Bank IMPS mobile payment application. This application facilitates mobilepayment to anyone with IMPS enabled bank account across India. Offers sending money to 26 customer banks and 45+ receiving banks. App canbe used for P2P money transfers and retail shopping with partner stores. Founders are IIT Kharagpur graduates. Has 10k+ Android app downloads.

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Vult [Vancouver, Canada, 2011]: Vult Technologies provides a mobile wallet to enable mobile payments in Canada. Users can secure their credit,debit, gift, membership, personal cards, and cash, access and manage it from their browser or smart phone. The Vult allows its users to pull cashdirectly from their bank account and keep it secured in their Vult. Users are then able to send these funds directly into friends Vult accounts, or turntheir virtual cash into real cash at any participating Vult merchants. Offers tools to manage and track expenses, store and categorize receipts, andprint, send, or file spending reports. Currently in beta mode.

Horizontal Wallet

iMoCu [New York City, United States, 2013]: iMoCu is a mobile technology company that offers a mobile wallet which enables people to securelysend money to anyone, anywhere instantly through a simple SMS text message. Together with their merchant POS app and plugins, they enablepeople to complete retail and online transactions with the same anonymity as cash. Users can load their wallet by linking their bank account or usingcash at any of their merchant locations or participating banks. They currently have over 9,000 such locations in the US. The mWallet is integratedwith a reloadable debit card and supports digital currencies as well. This allows users to move funds seamlessly amongst their mobile wallet,physical card, and digital currencies. Offers API’s for integrating their payment system into major e-commerce shopping carts.

Horizontal Wallet

CloudZync [London, United Kingdom, 2012]: CloudZync is the developer of the Zync Wallet, a free mobile wallet app, offering secure contactlesspayments from Smartphone. It allows user to pay in participating stores, online and by phone, use and redeem loyalty points, use deals & vouchers.



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IWeTree [New York City, United States, 2012]: IWeTree provides mobile payment and mobile wallet solutions to financial institutions in India,Nigeria, Ghana, Kenya, the United States, and the United Kingdom. Its first app, mPay, is a mobile wallet that can be used to send and receivemoney, store credit/debit card/loyalty card information, scan QR codes, and view "Merchant Map" to search for nearby offers. Develops mobile appsfor both smartphones and feature phones. Also provides solutions like QR code over MMS, SMS service and IVRS. The company is headquarteredin New York, and its international headquarters is located in Mumbai.

Horizontal Wallet

Supergasme [Palo Alto, United States, 2012]: Supergasme delivers a mobile payment service while disrupting the credit card companies bycreating a new payment concept. The service allows customers to save 20 percent by pre loading the gas expense onto the car lease, use theclient app to purchase gas from selected gas stations, let customers purchase discounted products inside the convenience store and accumulaterewards.

Horizontal Wallet

WhizKard [Dallas, United States, 2012]: WhizKard is a mobile payment solution that is smartphone and card processor agnostic. WhizKard givesconsumers a free mobile wallet app that carries multiple credit and debit cards for payments, simplifies rewards and offers management, andcentralizes receipt storage. Plans on driving adoption by reaching small merchants indirectly through their credit card processors. WhizKardgenerates its revenues from merchants that pay low monthly fees for participating in offers and rewards programs. For international licenses, itcharges the local reseller a fl at fees plus revenue share. Currently has offices in Dallas and Chicago.

Horizontal Wallet

ZipPay [San Francisco, United States, 2012]: ZipPay offers its patent pending technology for mobile payments. ZipPay provides mobile wallet for consumers to make payments to merchants and a dashboard for merchants to process and invoice all the payments made by their customersthrough the ZipPay application.

Horizontal Wallet

AirPay [San Diego, United States, 2012]: AirPay enables consumers to pay with their phone at brick and mortar stores, and to share theexperience with their friends and family on social networks.



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Pademobile [Aguascalientes, Mexico, 2010]: Pademobile offers a mobile payment solution using a user's mobile number as a reference andlinking bank accounts to topup the pademobile account, make payments at retail stores and even peer to peer money transfer through textmessages. Registered merchants can accept payments from consumers through a pademobile account which is completed by letting the merchantknow customer's mobile number which is sent a text with a code to enable to transaction. Users are also allowed to charge their mobile operator account using pademobile. The money is stored in a bank account, exclusively dedicated to the operations made with Pademobile. Serving as a

mobile wallet, users can also s tore money in their pademobile account for any later payment use.

Horizontal Wallet

WiGime [San Francisco, United States, 2010]: WiGime offers a mobile wallet service that allows user to use his smartphone to make purchases,send or receive money/gifts, and make donations all with the use of QR codes. For merchants it provides a dashboard and iPad application to viewall payments made by the consumer. Merchants can al so see various analytics of all the payments made.

Horizontal Wallet

Cortex MCP [Cambridge, United States, 2012]: Cortex MCP has developed a mobile payment, loyalty and wallet platform that unlocks thepotential of the rapidly evolving mobile commerce market. The company provides an IP protected platform that can be used by any device withoutdisrupting a merchant’s POS infrastructure.

Horizontal Wallet

PayCash [Luxembourg, Luxembourg, 2012]: PayCash is a smartphone application that enables users to pay at various partner stores, redeemcoupons, collect bonus points and even send/receive money from friends using the mobile wallet features in the app. The app acts as a prepaidwallet which the user can load with money which can be used for payments through mobile purchases at partnered stores of the company. It doesnot charge users for payments or money transfers made through the app.

Horizontal Wallet

Flashiz [Luxembourg, Luxembourg, 2011]: Flashiz offers a mobile payment solution through a smartphone application that enables users tomake online or in-store purchases through mobile QR code scanning. Users can download and register on the app, add their account details andlink their bank account to the app and can use it for speed mobile payments, send and receive money from friends by entering their email addressand also receive various loyalty rewards from the partner retail stores through the app itself. The company has launched its digital wallet services in Australia in 2013 supporting both NFC and QR code systems. The company has been acquired by Fexco, a global financial services group inOctober 2013 for an undisclosed sum.



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Undred [London, United Kingdom, 2013]: Undred offers a mobile payment application that enables users to use it as a mobile wallet to makepayments in restaurants and bars. Users are also offered with real-time discounts and rewards based on their visits and purchases along withmaking real-time contactless payments. It acts as a payment processor to enable the payment readily from the linked bank account through themobile. Its technology solutions enable merchants to retain customers with loyalty rewards and receive payments on their smartphone usingBluetooth Low Energy instead of any hardware POS installed in their store. Also provides an analytics dashboard to them merchants to track their

customers for a more efficient implementation of marketing methods. Payment data is used to empower the standard marketing process, allowingmerchants to attract new customers, increase the loyalty of their existing ones and keep track on their marketing ROI. Awarded 'Most innovativestart-up in Europe' at Developneur Europe. Selected among finalists 2014 for Techstars and Seedcamp. Users can pre-register on the portal to getpriority access. The company is yet to release the app.

Horizontal Wallet

MobileGullak [Bangalore, India, 2012]: Mobilegullak solves retailers' l oose change problem by allowing retailers to save the change in consumer'smobile. Consumers give a missed call or download the mobile app and verify themselves. Consumers can play the unique ringtone at mobileGullakactive merchants and save the return money to their mobileGullak account. They can use this money to pay their mobile, DTH, data card bills andtransfer the funds to their bank account. Charges retailers and network operators for mobile payments made through the platform.

Horizontal Wallet

Cibola [Delhi, India, 2013]: Cibola is a mobile app that aims to make mobile transactions easy for the users. Users can pay their friends, family andmerchants with a single unified universal application using their phones. Apart from sending and receiving money, users can avail features like easyrecharge, merchant maps or borrow money.

Horizontal Wallet

Chillr [Kochi, India, 2014]: Chillr, product of MobME Wireless Solutions Ltd., is a smartphone application that enables users to transfer money tofriends. Through the app, users can connect their bank account securely and send money to anyone in the phone book. The application is securedwith a 4 digit M-PIN which is required everytime a user makes transaction. The app can be enabled with a 4-digit pin and has no virtual wallet andhence transactions happen directly from the bank account to the receiver's account number. . HDFC Bank has officially launched a mobile basedmoney transfer platform enabled by Chillr.

Horizontal Wallet

Mobino [Geneva, Switzerland, 2011]: Mobino offers mobile payment solutions to both consumers and retailers through its smartphone application.Users can pay at the partnered retailers through their mobile either online or in-store for their purchases. Through the app, users can also makepeer to peer transactions with other Mobino app users. The app also allows users to check the transaction history of their payments and moneytransfers. After downloading the app users register and link their bank account and the app is secure with a passcode for a transaction to happen.



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Wipit [Pasadena, United States, 2010]: Wipit enables underbanked consumers from around the world to use cash for payments on their mobilephone or with an integrated prepaid card. The company also provides access to alternative financial services such as international money transfer,mobile check deposit, bill payment, and prepaid wireless replenishment – from a mobile phone and payable with cash funds loaded to the user’smobile wallet account. Wipit's payment service enables consumers to shop online or make in-app purchases using prepaid cash payments. Thecompany has strategic partnerships with and is invested in by global companies H&R Block, Inc . (HRB) and Euronet Worldwide, Inc. (EEFT).

Horizontal Wallet

Sign2Pay [Antwerp, Belgium, 2013]: Sign2Pay offers mobile payments by making it easier to pay with a regular debit card, simply using asignature. Unlike card readers, its ease-of-use provides a high conversion and is highly suited for impulse and recurring purchases. An extensiverisk analysis is done before the choice of payment method triggering a dynamic signature canvas to authenticate the payment. Signatures are realtime compared on 4 different security tiers.

Horizontal Wallet

ZapZap [Gibraltar, United Kingdom, 2012]: ZapZap offers a mobile application that enables users to create an online virtual account which can beused to make online purchase payments, to send and receive money with other users. Users can link a debit/credit and top-up the balance in their zapzap mobile wallet after registering through the app. Users can also signup for a plastic payment card issued by MasterCard which can be usedto withdraw cash from ATMs. The company has e-money licence, granted by the Financial Conduct Authority, to operate across the EuropeanEconomic Area. The company has various fee s tructures depending upon the use of credit or debit card, cash withdrawal and mastercard ordering.

Horizontal Wallet

Popmoney [Brookfield, United States, 2010]: Peer-to-peer payment app and online service which allows user to send or request money directlyfrom bank account without any stored value like wallet services. User's send money to receiver's mobile / email id, receivers confirm by providingbank account details for direct payment in account. Developed by Cashedge, which is now part of Fiserv. Fiserv integrated its ZashPay P2Ppayment service with PopMoney.

Horizontal Wallet

LivQuik [Mumbai, India, 2012]: LivQuik has launched a consumer mobile wallet app called Quikwallet for making payments at retail shops, cafesand restaurants. Integrates with the existing POS software of merchants. Payments through NFC and QR codes. Users can store virtual credit anddebit cards, manage coupons and rate companies, merchants can run offers and loyalty programs. LivQuik is the parent company of the productQuikWallet.

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Eashmart [Delhi, India, 2012]: Eashmart enables consumers to use credit/debit cards to make payments for anything, without having to swipe thecard in a swipe machine. For instance, if a person wants to order a P izza from a nearby Pizza Hut, he/she needs to inform the merchant in advancethat the payment is to be made through Eashmart. Incubated in CIIE since Sep 2013. Acquired by PayU's PayUMoney along with their team for anundisclosed amount in Oct 2014.

Horizontal Wallet

TippingCircle [Phoenix, United States, 2012]: Developed by Inovacode. TippingCircle’s personal payment platform allows people to exchangemoney without fees through personal tips, setup group payments for events, and run social fundraisers on any mobile device securely to anyonewith an email address globally. Integrates with social platforms like Facebook, Twitter, Google+ and enables sharing features. Launched a customer loyalty program recently allowing people to earn, trade, and spend reward points with partici pating merchants.

Horizontal Wallet

Cashcloud [Luxembourg, Luxembourg, 2012]: Cashcloud offers a mobile wallet solution that links to credit and debit accounts usable to sendmoney and pay at retail and online shops. Users can access cashcredits, a virtual currency, every time they pay for services using their Cashcloudwallets. Advertisers and partners can access the wallet to deliver coupons and vouchers to account holders. The company also offers an NFCpayment sticker to users to enable contactless payments in various stores. Company secured undisclosed funding from private Europeaninvestment firm in 2013.

Horizontal Wallet

Nooch [Philadelphia, United States, 2010]: Nooch is a P2P transfer system which allows you to have money sent to anyone using just your mobile phone. Charges 25 cents each time user sends money, regardless of how much they are sending, and to whom. Use cases include sendingmoney to friends with just a name, collect payments for a group/non-profit, or request money from clients, customers etc.

Horizontal Wallet

GOSPay [Kiev, Ukraine, 2009]: GOSPay is the mobile application to make payments or share them with friends who are listed in Contacts app.The app was originally created as a payment tool for regular bills. Using it one can pay or share payments with friends for mobile operators, internetand TV, international telephony etc.



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MyMobilePayment [Mumbai, India, 2010]: My Mobile Payments Limited operates a mobile payment platform that enables users to buy productsand make payments in India. The company offers Money-on-Mobile, a mobile wallet that lets users to carry credit/debit cards and bank accounts ontheir mobile phones; enables them to pay for various goods and services, including mobile phone recharging, DTH account top-up,railway/air/bus/movie tickets, goods bought from retail shops, and utility bil ls; and allows them to send and receive money.

Horizontal Wallet

mePay [Helsinki, Finland, 2014]: mePay is focusing on mobile payments and self service payments on vending, gas pumps and automation.mePay offers QR code based and NFC based payment solutions what are reliable and secure. Location based search functions are included insolution, to discover more places where solution is working. The company is currently in stealth mode.

Horizontal Wallet

rappit [Monterrey, Mexico, 2013]: rappit enables faster personal payments on mobile devices. The service allows users to pay tuitions, propertytaxes, insurance, money orders, security services, Cable TV, internet, phone, water, gas, etc. The app is not released yet.

Horizontal Wallet

Tio [Vancouver, Canada, 2012]: Mobile app that allows users to pay multiple bills via VISA or MasterCard branded payment cards in real time. Available for iPhone, iPad and Android. Users can choose to pay more than 6,000 billers via credit or debit card with the option of same dayprocessing. Powered by Tio Wallet. For US users.

Horizontal Wallet

Facewallet [Sao Paulo, Brazil, 2013]: Saffe is a face recognition based mobile payments app powered by Facewallet biometric platform for mobileauthentication. Facewallet also provides licenses for mobile apps developers to embed face recognition biometric engine in their applications. Safferequires one time registration of the user's face and credit cards and then the user is good to purchase at outlets that use Saffe just by facerecognition and a pin.



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Coinbolt [Nebraska City, United States, 2014]: Coinbolt offers a mobile based bitcoin wallet where the user has full control over his wallet and isthe only one to hold the private keys to the wallet. Private keys are encoded to memorable phrases for easy access. Private key of other wallets caneasily be imported in the coinbolt wallet for transferring bitcoins from other wallets. Currently available for Android OS.

Horizontal Wallet

KnCWallet [Stockholm, Sweden, 2014]: KnCWallet is a mobile only bitcoin wallet by mining hardware manufacturer KnC Group AB. Featuresinclude: Sending and Receiving Bitcoins using phone contacts, Easy to use QR codes when paying in person, Dynamic conversion to local currencyand Secured bitcoins with encrypted backups to Google Drive or Dropbox. Has more than 10k android wallet downloads as of June 2014.

Horizontal Wallet

Aegis [New York City, United States, 2014]: Aegis developed a mobile bitcoin wallet. Aegis wallet supports multiple currencies and provides theuser with the ability to view their transactions and addresses on the bitcoin blockchain. Aegis Wallet allows encryption of the wallet with a passwordor an NFC tag. If a user forgets a password or loses their NFC tag, the Bitcoin Security Project may be able to help the user recover their funds witha encrypted backup file provided by the user, while other bitcoin wallets are unable to do this. The security standards on the wallet follow thosecreated by the Bitcoin Security Project.

Horizontal Wallet

Kipochi [Nairobi, Kenya, 2013]: Kipochi is a lightweight, easy to use bitcoin wallet associated with a mobile number, that allows users to receiveand send bitcoins all over the world even for people using simple low cost feature phones. Kipochi works on all mobile phones, having SMS, USSDand HTML5 frontends, as well as a desktop computers. It works in partnership with M-Pesa.

Horizontal Wallet

GoWallet [Pleasanton, United States, 2012]: GoWallet's free app and website lets users scan and store multiple gift cards, track balance, buy andredeem gift cards and even send instant gifts to Facebook friends. GoWallet is a part of Gift Card Mall, the world leader in gift cards. GoWallet alsooffers a gift card exchange.



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Softcard [Dallas, United States, 2011]: Softcard (earlier known as Isis) is a mobile app that lets users pay with their phone. It uses a wirelesstechnology, NFC that can be used to pay partner merchants using contact less payment terminals. Launched in USA in Nov 2013. Compatible with40 smartphone models. Backed by AT&T, T-Mobile and Verizon ($100M backing rumored). Google acquired technology and intellectual propertyfrom Softcard in Feb 2015.

Horizontal Wallet

Atomx [Pune, India, 2012]: Provider of electronic wallet app along with a hardware wrist wearable which enables for billing and order managementwith a tap at events. The technology also allows for getting real-time crowd analysis, create live digital footprint to engage the audience along withintegrating access control and venue ticketing.

Horizontal Wallet

TruCash [Mississauga, Canada, 2014]: TruCash, a product of DCR Strategies, is a NFC mobile wallet app. Digitized prepaid and loyalty cardscan be scanned or input via card number into the app. Card members using an NFC enabled Android device can make tap and go NFC payments,send money on the move, save money through loyalty integration and view detailed transaction history. The Mobile Wallet app works with all

Android, iOS, and Blackberry smartphones, however NFC capabilities are limited to Android and Blackberry.

Horizontal Wallet

EnStream [Toronto, Canada, 2005]: EnStream was created to deliver payment capability over the mobile handset and they are proudly evolving tobecome a common mobile commerce interface between Canada’s mobile carriers and the Canadian ecosystem for NFC transactions. EnStreamconnects card and credential issuers with wireless carriers, allowing consumers to use virtually stored cards, to interact with merchant readers, for payments or identification validation. EnStream LP is a mobile commerce joint venture company owned by Bell Mobility, Rogers and TELUS -Canada’s three main wireless companies. EnStream manages a mobil e money transfer service called Zoompass.

Horizontal Wallet

Boomerang [Henderson, United States, 2014]: Boomerang is a PayPal like payment service for family and friends. The unique feature aboutBoomerang is that it automates children's allowance and tries to educate them about finance and financial management with gamification features.



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Horizontal Wallet

Sway [Seltjarnarnes, Iceland, 2014]: Sway is the social way to mobile payments. It is a new service that provides its users with an easy way topay friends, to split the cost or to request others to pay for something. Send and receive money in real time, with no more effort than sending amessage. Sway is developed in Iceland by the software company Memento ehf. As of Jan 2015 the company is in trial mode.

Horizontal Wallet

Paym [London, United Kingdom, 2014]: Paym, is a mobile peer-peer payment service provided by HSBC banking app. Users can register for Paym through the banking app and link their bank account to their phone number. After confirming the registration post secure pin confirmation,users can now transfer money to other HSBC banking users via their mobile number which can be directly credited to their account. The companyhas partnered with a total of 9 banks till now to provide money transfer services to their customers. Over GBP 6.5 million has been sent andreceived using Paym so far. More than a million users have registered for the service.

Horizontal Wallet

Payfriendz [London, United Kingdom, 2013]: Payfriendz is a smartphone application that allows users to top-up their cash account and then payany friend in their address book who is also using the application. Also offers a feature to attach a text message for the money transfer. The appdoes not charge any transaction fee for domestic transfers and charges 1% on cross-currency transfer. The company generates revenue throughaffiliate fees, such as friends organizing a collection for a birthday present and making payment through Amazon via the Payfriendz app wherepayfriendz would get a referral fee. It will enable these purchases through a virtual Payfriendz mastercard that comes along with the app. Thecompany is yet to launch i ts application and users can currently register on the portal for notification of the launch.

Horizontal Wallet

Evenly [San Francisco, United States, 2012]: Mobile wallet app that let people send and receive requests for funds from their contacts list,organized around events and experiences. For each participant in a pool, it would list what a user owed and what they’d already paid, if any, andyou could see progress towards the total cost of an event displayed visually, as well as send reminders to all parties involved that they have to payup. There’s also an activity feed that tracks progress and adds a social element to the bill sharing. Acquired by Square in Dec 2013 for anundisclosed amount.

Horizontal Wallet

Soldi.me [Saginaw, United States, 2015]: It provides a mobile wallet and a debit card for offline use of the mobile wallet. The company claims togive reward points for making transactions or for a simple transfer of money using Soldi mobile wallet and also not charge commision for transactions. Soldi charges a part of the reward points the user earns as commision.



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BlueTree Payment [Sydney, Australia, 2014]: BlueTree Payment's BluPay mobile app allows merchants to receive cash payments from anyBluPay user. Start accepting payments in seconds. Merchants requires to carry his iPhone or iPad and BluPay app. 2.25% transaction fee. Nocontracts, no monthly fees. Offers consumers a prepaid mobil e wallet which can be loaded with cash using Credit/Debit Cards, Bitcoin.

Horizontal Wallet

Boosterville [Memphis, United States, 2013]: Boosterville is a prepaid mobile payment platform (application) designed to replace credit cardprocessing fees with a flat 1% transaction fee. The app also allows user to store loyalty cards/credits for future discounts at the time of sale. SolidusCompany and Tom & Becky Mil ler also participated in the seed round.

Horizontal Wallet

Paga [Lagos, Nigeria, 2009]: MyPaga offers a smartphone application and a wallet cloud account where in the user can load cash to transfer money P2P, make payments at offline retail stores and buy airtime for the mobile. Merchants can also offer promotional codes and cards which canbe stores in the user's MyPaga wallet. Has partnered with Airtel, Visafone, Glo and MTN to provide these telecom company subscribers with itsservice. Has more than 1.75 Million active Paga users.

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YPayCash [Bangalore, India, 2011]: YPayCash is a mobile wallet payment system that enables users to make payments using mobile phonesinstead of a credit or debit card or cash. Users can load cash through net banking, credit or debit cards and can also fill up the wallet by makingcash payments at select merchants. With the service installed and activated, users will be able to use their mobile as a wallet for merchantpayments, recharge payments and fund transfers, with merchants the service has tied up with. Can hold upto Rs 50,000 in an e-wallet. Claims tohave 3000+ stores as partners.

Horizontal Wallet

Firstmonie [Benin City, Nigeria, 2013]: FirstBank offers Firstmonie Mobile Money Service, an innovative product that enables customers toaccess financial and other value added services through their mobile phones. This caters to the high percentage population of unbanked populationacross the country. Users just need to download the phone application, fund their FirstMonie account and start using it to make payments. Theservice is available on all major the network telecommunications operators including MTN Nigeria, Etisalat and Globacom. FirstBank will alsoleverage on the fund transfer capability of the mobile telephony to offer world class services. Recieved a grant of $12M from Bill&Melinda GatesFoundation in March 2014 to execute the project.



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Serve [San Francisco, United States, 2012]: American Express Serve Reloadable Prepaid Card is an alternative to debit and other prepaid cardsthat comes with access to benefits and the Serve mobile app for account access on the go.

Horizontal Wallet

Silouet [Cambridge, United States, 2014]: Silouet is a stealth-mode startup working on mobile payment system. Their app allows users to tip(micro transactions) tip valets, musi cians, housekeeping staff, instructors, drivers etc. The company is in stealth mode as of Jan 2015.

Horizontal Wallet

SnapScan [Cape Town, South Africa, 2013]: SnapScan is South African mobile payments company presently operational in South Africapowered by Standard Bank. Users register their credit/debit cards on the SnapScan app and select a PIN number to authenticate their transactions.Merchants are provided with a unique QR code. When the user has to purchase, he/she can scan the merchant's QR code, enter the amount dueand confirm the payment with user's PIN number. SnapScan provides APIs which integrate with leading POS systems. They charge 3% transactionfees with no other extra charges. SnapScan has tied-up with over 10,000 merchants in South Africa. SnapScan is currently available to iOS,

Android and Blackberry users. SnapScan was Overall winner at the MTN Business - App of the Year Awards 2013. Part of FireID incubator.

Horizontal Wallet

PayQR [Moscow, Russia, 2013]: A QR code based mobile payment system, the first and largest in Russia. Users have to register their debit or credit with the app and then can purchase any product with a QR code over it by simply scanning it with PayQR mobile application. No additionalhardware is required and hence it is a low cost alternative payment method. Once the user scans and pays for a product via PayQR, it can beshipped by an online store where it is available. PayQR also offer other value added services such as consumer analytics, loyalty rewards etc. Theapp is available both on iOS and Android stores.

Horizontal Wallet

Kiik [Sao Paulo, Brazil, 2014]: KiiK is a mobile payment App that allows user to save their credit/debit through host card emulation. With KiiK userscan pay your restaurant bills, taxi rides or shop at any accredited establishment. Allows splitting of bills. The app is based on QR code, throughwhich the app knows whom to make payment. The wallet is available for Android & iOS users.



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Sixdots [Brussels, Belgium, 2013]: Sixdots Mobile Wallet is a Joint Venture between Belgacom, BNP Paribas Fortis, KBC, ING and Belfius. Withthe Sixdots smartphone app, users add all their cards, debit and credit, to their digital wallet and just use a 6 digit code to pay. The company hasmore than 10k registered users.

Horizontal Wallet

Current C [Boston, United States, 2011]: CurrentC is a mobile payments application offered by Merchant Customer Exchange (MCX) company.

CurrentC uses QR codes displayed on a cashier’s screen and scanned by the consumer’s phone or vice versa to initiate and verify the transaction.The system is also designed to automatically apply discounts, use loyalty programs, and charge purchases to a variety of payment methods withoutpassing sensitive financial data to the merchant. MCX had a deal to use Paydiant’s white-labeled mobile wallet system on the backend that workswith ACH to reduce fees. The company is run by merchants including Walmart, Target, Best Buy, CVS, Shell Oil, Darden Restaurants (OliveGarden), HMSHost (airport restaurants), Hy-Vee (supermarkets), Lowes, Michaels, Publix Super Markets and Sears which together operate over 110,000 retail locations and process over $1 trillion in payments annually. Wal-Mart VP and Assistant Treasurer Mike Cook is considered the MCXgroup’s de facto CEO.

Horizontal Wallet

CyfraPay [Madrid, Spain, 2011]: CyfraPay offers a smartphone payment application that enables users to download and register with their bankaccount details. When making payments at the retail stores or other mobile/offline purchases which have partnered with CyfraPay, users can usethe app to scan the QR code and make the payment after entering the secure code to make the transaction. The card details are not shared withthe retailer.

Horizontal Wallet

Digimo Mobile Payments [Hod HaSharon, Israel, 2010]: Digimo provides mobile payments solutions to merchants through QR code scanningand mobile wallet to consumers. With Digimo, customers upload their payment credentials and account info to their secure DigiMo account in thecloud. DigiMo issues bank cards to merchants which have a specific bin range. Participating merchants receive a DigiMo card and uniquebarcode/number for each of their Point Of Sale terminals. Finally, at the time of a purchase, a customer uses the DigiMo mobile app to scan thebarcode at the cash register. They then authenticate the app with pin or other security credentials which connects to their DigiMo account in thecloud. This info is sent to the cloud and lets DigiMo know at which unique cash register the transaction is taking place. The merchant closes thetransaction loop by swiping the DigiMo card into the existing POS reader which rides the rest of the transaction on the regular card network andauthenticates at DigiMo’s server and debits the customer’s account.

Horizontal Wallet

Znap [Wan Chai, Hong Kong, ]: Zanp(also known as MPayMe) offers mobile payment solutions. Offers a mobile wallet where customers can inputDebit Cards, Credit Cards, and Bank Accounts and use any one they choose as a funding source when paying via ZNAP. Provides dashboard for merchants where they can manage transactions in real-time via the cloud-based system. Its security features (which authenticate transactions andprotect users’ personal data) have been patented and do not require any third party software or integration. Znap platform optimises transactionsthrough the bundling of secure multi-channel mobile payments with value added solutions such as loyalty integration, business intelligence and geolocation in-app consumer communication. Was acquired by Powa Technologies in June 2014 for $75M.



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Horizontal Wallet

SnapScan [Stellenbosch, South Africa, 2013]: SnapScan is a product of Fi reID Payments, part of the FireID group. SnapScan provides a mobilewallet for iOS, Android and Blackberry which can be used to pay merchants without any card. Users can save their credit card information on theapplication(saved only on the user's phone) and pay by scanning the QR code of the merchant's bill. Overall winner at the MTN Business — App of the Year Awards 2013. Working with Standard Bank, Africa's largest bank.

Horizontal Wallet

Kesh [Willich, Germany, 2012]: Kesh, developed by biw AG, is a smartphone application which serves as a prepaid mobile wallet enabling usersto make mobile purchase payments at partnered retail stores and even send and receive money to friends through the app. Users can register onthe app and charge their kesh account with money which can be used for online payments and money transfers. Merchants can register with theservice and receive a QR code for their retail which can be scanned by consumers for enabling mobile transactions. The app also includes featuresto locate stores nearby accepting kesh payments, transaction history and choose favourite stores.

Horizontal Wallet

Cimbal [Los Altos, United States, 2010]: Cimbal is an electronic payment network using software-based contact-free communication technologyto turn a smartphone into a payment tool in-store, online and P2P. Cimbal produces a unique two dimensional barcode for each transaction. Thepayee can initiate payment from a mobile device by scanning the code via the Cimbal app. Codes are scannable on the web, in stores, on printmaterials and on other mobile devices. Merchants can integrate these codes into their point-of-sale software to accept mobile payments via iPhoneor Android with no extra hardware. There's also no license fee for merchants, but they do pay per transaction at rates that vary based on the volumeof transactions. There's also a proximity payment option for users wishing to exchange funds with friends in the same place at the same time. Theseller will request payment and Cimbal will generate the code as usual, but the payee can simply scan the code from the seller's mobile phone to

initiate payment.

Horizontal Wallet

JamPay [Sunnyvale, United States, 2012]: JamPay is a mobile shopping solution that allows businesses to sell products directly through directmailers, emails, SMS and social media. JamPay enables ordering or reordering from any direct marketing channel using existing or new QR codesor bar codes. Customers scan the code with JamPay app and buy with a single click. Users can also use JamPay for re-ordering from JamPayorder history screen or through re-order sheet with product shipment. Users can share their latest purchases with friends on Facebook andTwitter. Through its locker-key technology, JamPay guarantees secure transactions.

Horizontal Wallet

RentMoola [Vancouver, Canada, 2012]: RentMoola is a mobile and online payment network working in partnership with Visa, MasterCard,Discover and American Express, allowing renters and condo owners to pay rent, condo fees and other payments with their favourite rewards creditcards. Members also receive MoolaPerks giving them discounts and access to transportation, food & beverage and other rewards redeemableacross North America, UK and Europe. The fee on each

Documents

MobileFinTechStartupLandscape Jun 2015