ClairMail, a company that creates a mobile banking and payments platform, has raised $13.8 million in funding led by Investor Growth Capital with JAFCO Ventures, Norwest Venture Partners and Outlook Ventures participating in the round. This brings the company’s total funding to nearly $35 million.
ClairMail’s technology is fairly simple. The platform helps power mobile banking and payments for financial institutions. ClairMail processes millions of transactions per month for its customers across retail banks, credit unions and card service companies, allowing consumers to make payments and access banking information via SMS, the mobile web and client applications, across a variety of mobile devices.
ClairMail, who counts eight of the top 12 North American banks as customers, have seen a 300 percent year-over-year increase in revenue for the second quarter ending June 2010. The company will use the new financing to hire additional engineers and grow its technology infrastructure.
ClairMail is the leading provider of mobile solutions for banking, payment and card services. ClairMail provides a technology platform designed to help financial institutions realize the strategic potential of mobile banking, driving new levels of customer trust and loyalty, facilitating cross-sell opportunities and enabling near term, measurable cost savings. Financial institutions of all sizes now have an opportunity to reach 100% of their customer base and deliver personalized content through mobile applications, mobile web, text banking and unique, two-way...