The company is set to use the funds to enhance mobile banking adoption, close strategic partnerships and increase awareness of its SmartApp platform.
Malauzai Software provides SmartApps for end users to access banking and customer services from mobile devices such as smartphones and iPads. Customers gave access to services including bill paymets, P2P payments as well as card marketing rewards programs.
In recent news, US technology provider CFC Technology has entered a partnership with Malauzai Software to deliver mobile banking technology to community banks and credit unions across the US.
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