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Acquired byVisa
Price$110M
Date6/2011
TermsCash

General Information

Websitefundamo.com
CategoryFinance/Venture
Phone27 21 970 7600
Employees
Founded2000
Descriptionmobile financial solutions

Offices

HQ
8 High Street
2nd Floor
Cape Town, 7530, ZAF

Funding

TOTAL $5.15M
FUNDING TOTAL $5.15M
Venture Round, 7/2007
HBD Venture Capital
$5.15M

Tags

Fundamo (Proprietary)

Fundamo (Proprietary) Limited provides mobile financial solutions for banks, financial organizations, and mobile network operators in South Africa and internationally. It offers Fundamo Enterprise Edition, a mobile financial services enterprise platform; Fundamo Mobile Wallet that provides transformational mobile financial services; and Fundamo Mobile Banking that enable banks and financial institutions to provide mobile banking as an electronic channel to access existing accounts. Fundamo (Proprietary) Limited also provides Fundamo Mobile Remittance connecters that offer consumer remittance options for the Fundamo Enterprise Platform owners; mobile commerce modules that provides configurable integrated payment and purchasing options; and mobile debit card modules, which provide facilities to issue a debit card using the Fundamo Mobile Account.

The company was founded in 2000 and is based in Cape Town, South Africa. Fundamo (Proprietary) Limited operates as a subsidiary of Sanlam Ltd.

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Screenshots

Fundamo (Proprietary) screenshot
Above: Fundamo (Proprietary) Screenshot -- #1
Uploaded: 3/22/10

Sources

  1. Visa Acquires Mobile Financial Services Company Fundamo For $110M In Cash (techcrunch.com) [edit]
  2. EDGAR [edit]
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Last Edited 3/6/13

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