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Mobile & Wireless

Mobile commerce firm Powa raises USD 76 million

Wednesday 21 August 2013 | 10:56 CET | News
UK cloud e-commerce platform Powa has raised USD 76 million from a US fund in exchange for a 'small minority' stake in the company, reports the Financial Times. Powa's mobile payment service allows small businesses to process payments on smartphones and tablets. One person familiar with the deal said this investor was Boston-based fund Wellington Management. The investment will create 250 jobs in the UK, along with a further 200 jobs in sales offices worldwide.


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Categories: Mobile & Wireless
Companies: Powa
Countries: United Kingdom / World
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