http://mozido.com/mozido-announces-30-million-institutional-capital-raise-70m-investment-commitment/Mozido Announces $30 Million Institutional Capital Raise of $70M Investment Commitment
December 5, 2013 By Gilly Harris
New Capital Brings Total Funding to Over $100 Million For Emerging Global Mobile Payment Leader
Also Announce Ric Duques As Chairman of the Board
AUSTIN, December 4, 2013 – Mozido, Inc. announced today that it has received the first $30 million of a committed $70 million round of financing led by a Boston-based investment advisor with assets under management of over $500 billion. This funding will allow Mozido to accelerate its growth both organically and through strategic acquisitions. The announcement brings total funding of the company to over $100 million with participation from Brentwood Investments, TomorrowVentures, Atlanticus Corporation and Bob Turner personally of Turner Investments.
In addition, Ric Duques, formerly Chairman & CEO of First Data Corporation until he led its acquisition by Kohlberg Kravis Roberts in 2007 for $29 billion, becomes Mozido’s Chairman of the Board. Said Duques, “This institutional investment is a significant milestone in Mozido’s growth. It validates the business model that visionary founder Michael Liberty has created and will accelerate the global success of Mozido’s mobile payment services.”
Founded by Michael Liberty, Mozido has grown into a global mobile payments company with operations in the US, Mexico, Central America, the Caribbean, the Middle East, and Southeast Asia, with expansion into India and Africa coming soon. Said Liberty, “It’s humbling to have someone with such a sterling reputation as Ric Duques become Chairman of the Board. My vision for Mozido is financial inclusion by delivering disruptively priced financial, payment, and marketing services through the convenience of mobile phones to bring the financially disenfranchised people of the world into an eco-system of hope, opportunity and financial fairness. I have always believed it is possible to do well and do good at the same time.”
http://mozido.com/mozido-announces-30-million-institutional-capital-raise-70m-investment-commitment/Anyone have insight into this?? Who would be investing that type of money when cryptocurrency is making ground and growing. Cryptocurrency most likely will replace any cloud payment network? What I'm I missing?
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