C$ cMoney, a new mobile technology company based in Houston, Texas, announced it has received $15 million in funding from Kodiak Capital Group of New York City. The placement of the financing facility with Kodiak Capital was arranged by Robert Gandy, an investment banker with Pythagoras Group in Houston. The investment is expected to support the expansion of the company as well as the launch this summer of C$ cMoney, an innovative mobile solution for the payment of goods and services while totally eliminating IDENTITY and CREDIT CARD THEFT.
âIn considering numerous investment partners, we were particularly impressed with the Kodiak Capital team. They have become very knowledgeable about our business model and enthusiastic about assisting us in enhancing our growth,â said Jennifer L. Pharris, President and CEO of C$ cMoney, Inc. âWith this funding from Kodiak Capital, we will be able to accelerate the development of our innovative technology, build out our operations in Houston and support the launch of C$ cMoney.â
C$ cMoneyâs new mobile payment platform through cell phones and text messaging will enable consumers to send money or pay for goods and services anywhere that cash, checks or credit cards are accepted. The revolutionary technology will feature a significantly improved personal security system that eliminates exposure to identity theft.
âWe are excited about being a partner to C$ cMoney and providing funding to the company,â said Ryan Hodson, managing director of Kodiak Capital Group, LLC. âWe have been very impressed with the progress and evolution of C$ cMoney as it has developed technology to send money and pay for goods and services using nothing more than a cell phone.â
C$ cMoney, as it prepares to launch its mobile technology, will be located in the Houston area. The operating company will eventually employ more than 160 employees with an additional 80 to 100 regional marketing personnel and marketing representatives.
About C$ cMoney, Inc.
C$ cMoney, Inc. is a Houston-based company that has developed a new and innovative way to send money and pay for goods and services using a cell phone and the text messaging system. It can be used anywhere that cash, checks or credit cards are accepted. C$ cMoney protects and reduces risk of identity theft and credit cards that could be stolen from a purse or wallet.
About Kodiak Capital Group, LLC
Kodiak Capital Group, LLC is engaged in assisting growth companies in all facets of their long term strategy by providing capital and progressive business solutions. Kodiak manages a portfolio of investments in public and private equities. Founded in 2009, Kodiak has transacted in excess of $250 million in financing for companies across a multitude of industries including biotechnology, business services, consumer products, defense, healthcare, Internet, manufacturing, medical devices, natural resources, oil and gas, renewable energy and wireless communications. Headquartered in New York City, Kodiak has assisted companies throughout North America and Australia.