MOBI.Money

MOBI.Money

Russia; Moscow Russia
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Investor info
Stage focus
  • Seed Round
Industry focus
Description
Mobi.Money is a mobile payment processing company that enables Russian mobile subscribers to pay for goods and services using money on their mobile accounts as well as perform money transfers using their mobile phone accounts directly or through a linked virtual bank card. The company is based on PayCash payment technology (which also serves Yandex.Money, MonetaExpress, eDealer and other payment companies) and established in 2009. Mobi.Money is backed by Venture Capital business of VTB Capital, since foundation (the leading VC in Russia with over $300M under management and over 30 portfolio companies). MOBI.Money is the pioneer of mobile payment business in Russia (with its first mobile account payment transaction in 2009), and has served over 16m customers. Key products are: mobile payments, mobile transfers, mobile top up and mobile virtual card linked to subscriber`s mobile phone account (co-branded with Visa and MasterCard). Company is headed by Maxim Evdokimov (CEO) experienced in internet and telecom solutions.
Relevant investments
  • Company
    Amount
    Round
  • Example example company Inc
    $ 1,000,000
    Investor meetings
  • Company & Company
    € 11,000,000
    Series C funding
  • Example
    $ 524,000
    Seed round A
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