0
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.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.







81%
use WiFi on their mobile phones
Netherlands  |  2017Q2

Calendar   /   Industry Events

24 Jul Alphabet Q2 2017
24 Jul Logitech fiscal Q1
24 Jul Maroc Telecom Q2 2017
24 Jul Veon AGM
24 Jul Report: OTT Monitor 2017 Q1
25 Jul Texas Instruments Q2 2017
25 Jul TIM Brasil Q2 2017
25 Jul Inwit Q2 2017
25 Jul Akamai Technologies Q2 2017
25 Jul AT&T Q2 2017
25 Jul Telekom Austria Q2 2017
25 Jul Juniper Networks Q2 2017
25 Jul Drillisch EGM
26 Jul Limelight Networks Q2 2017
26 Jul Telefonica Brasil Q2 2017
26 Jul Telefonica Deutschland Q2 2017
26 Jul KPN Q2 2017
26 Jul Orange Poland Q2 2017
26 Jul AltiGen Communications Q2 2017
26 Jul Orange Belgium Q2 2017
26 Jul Fortinet Q2 2017
26 Jul STMicroelectronics Q2 2017
26 Jul Telesat Q2 2017
26 Jul Etisalat Q2 2017
26 Jul TE Connectivity fiscal Q3
26 Jul Netgear Q2 2017
26 Jul Paypal Q2 2017
26 Jul Mellanox Technologies Q2 2017
26 Jul Analytics Leaders Summit 2017
26 Jul IoT Summit 2017
::: More Calendar Items