cMoney mobile technology company has received a commitment of $100 million in funding from AGS Capital Group to support company expansion and launch of “C$ cMoney” mplatform for financial services. The “C$ cMoney” mobile payment platform enables consumers to send money or pay for goods and services through mobile phones anywhere that cash, checks or credit cards are accepted using technologies to eliminate exposure to identity and credit card theft. It also allows an individual to establish a financial profile to enact the seamless transfer of funds between multiple accounts at various financial institutions across the U.S., and eventually the world. The company is currently in talks with select national and regional banks who are interested in offering the product directly to their customers.
TX-based mobile technology provider C$ cMoney has signed a definitive
merger agreement with Bonfire Productions. The combined companies will
operate under the C$ cMoney name with the corporate headquarters in Houston.
C$ cMoney has developed a new and innovative way to send money and pay
for goods and services using a cell phone. Furthermore, using the C$
cMoney application will eliminate identity and credit card theft. When
it is released later this spring, the C$ cMoney mobile application will
enable consumers to download and use it with virtually any mobile device.
In March of this year, C$ cMoney, Inc. received $15 million in funding
from Kodiak Capital Group, LLC of New York City.
C$ cMoney and US Dataworks have forged a strategic alliance for shared technology and support of the upcoming product launch of the C$ cMoney mobile payment application. The agreement was negotiated on behalf of C$ cMoneyâs by its investment banker of Pythagoras Group. Terms of the strategic alliance agreement were not released other than C$ cMoney agreed to pay an upfront payment for a license and a warrant position. This partnership is also to create vertical synergies. TX-based C$ cMoney allows users to send money and pay for goods and services using a cell phone and the text messaging system while eliminating the risk of identity and credit card theft. It can be used anywhere that cash, checks or credit cards are accepted.
TX-based C$ cMoney mobile technology company has received $15 million in funding from Kodiak Capital Group. The investment is expected to support the expansion of the company as well as the launch this summer of C$ cMoney mobile payments. 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. C$ cMoney operations will employ more than 160 employees with an additional 80 to 100 regional marketing personnel and marketing representatives.