(Updated. This story was originally posted 5/4/07)
Vivotech, a maker of software to allow payments with radio frequency-enabled credit cards, debit cards, or other wireless devices, has raised a third round of capital in the “double-digit millions” of dollars.
(Update: More concretely, it has raised around $19.9 million, according to regulatory filings cited by PE Week. It has only drawn $15 million of that money so far.)
The investment was led by First Data Corp. Previous investors Alloy Ventures, Nokia Growth Partners and Draper Fisher Jurvetson also participated. Vivotech is based in Santa Clara, Calif.
The deal was mentioned on the company’s Web site, but VentureWire provided further details (sub required).
4:46 pm
VentureBeat » Danal, another mobile payments company, launches said:
[...] Danal is the latest in a zoo of such companies, however, and it isn’t clear what makes the company unique. As the WSJ piece points out, San Jose, Calif.’s PaymentOne also allows people to bill online items to their mobile bills. Start-up Obopay, of Redwood City, Calif., lets people pay each other via mobile phone, and lets you use a debit card for this — and may also eventually allow people to bill items to phone bills. There are all sorts of other payment flavors popping up, including Payoneer, aimed at online payments (see our coverage), and Vivotech (see coverage). [...]
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VentureBeat » VivoTech, the mobile payment company, raises money from Motorola said:
[...] was in the single-digit millions (but otherwise undisclosed), follows a financing round of about $20 million from Nokia Growth Partners, First Data Corp, and other investors earlier this year. There are numerous players in this market [...]