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RegaloCard closes USD 7 million round of financing

Wednesday 6 January 2010 07:38 CET | News

US mobile payments company RegaloCard has raised USD 7 million in funding from Dublin Ventures and Kinsail.

The company sells prepaid gift cards which can be instantly delivered to customers in Latin America for use at local retailers. PINs are delivered instantly via mobile technology to the person chosen in the immigrant’s home country, to make purchases at local retailers. The RegaloCard service is compatible with all mobile handsets and carriers around the globe and has already been made available at test market locations in the US. The company has revealed plans to expand the service to other regions with a significant number of immigrants residing in the US.


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Keywords: RegaloCard, Dublin Ventures, Kinsail, mobile payment, prepaid gift cards, PIN, mobile technology
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce