Mobile payments is a sector on the cusp of exploding. The Nilson Report recently found that 73% of smartphone owners have used their device while shopping, yet only 2% claim to have used a mobile wallet or made an in app purchase.
The four capital funds provided were: Emergence Capital (experts in Software as a Service), Storm Ventures (experts in mobile), Kaszek (latinamerican fund with extensive experience building marketplaces) and Atomico (focused on B2C created by Niklas Zennström, co-founder of Skype)
The four capital funds provided were: Emergence Capital (experts in Software as a Service), Storm Ventures (experts in mobile), Kaszek (latinamerican fund with extensive experience building marketplaces) and Atomico (focused on B2C created by Niklas Zennström, co-founder of Skype)
Mondelēz International's incubation partners Prehype and Kicklabs will then work with the startups and brand teams to develop a business plan, a working business model, fully working prototypes and build a management team.
Your favorite food truck owner, small business owner, and enterprising girl scout now have a new option when it comes to taking your credit card payment: PayPal Here. Announced Thursday at an event in San Francisco, PayPal Here is set to go head-to-head against mobile payment pioneer Square for part of the small business pie.