Mobile wallet solutions developer Pageonce Inc. has raised $15 million from Pitango Venture Capital, Morgenthaler Ventures, chairman Liron Petrushka, and private investors. The company has raised $25 million since it was founded by CEO Guy Goldstein in 2007. It has 4.5 million registered users worldwide.
Pageonce's Money & Bills service facilitates individuals' financial management by ordering their accounts, credit cards, and bills. The system sends real-time alerts to clients reminding them of bills due or the expiry of savings plans. The company plans to add credit card payments, bank transfers, and other services.
The free service is available for iPhones, iPads, Blackberry, and Androids. The company says that it tracks $556 billion in payments, $55 billion in assets, and $30 billion in accounts for its clients.
Pageonce VP R&D Nissim Tapiro told "Globes", "The company is focusing on the North American market, which continues to be our main target market. We're working on our smart wallet vision, and we'll soon offer our clients the ability to pay and manage their money via their mobile phones."
Morgenthaler partner Rebecca Lynn said, "The Pageonce ‘wallet’ is a natural mobile play and a great bet to be a financial services category leader,” said Morgenthaler partner Rebecca Lynn. “With over 4.5 million users, they have already demonstrated a knack for simplifying the complex task of managing money and bills for their users."
Published by Globes [online], Israel business news - www.globes-online.com - on May 11, 2011
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