Redwood City, California-based Sequent Software, formerly known as Sparq Mobile Solutions, has raised an undisclosed amount of capital in a Series A round of funding led by Opus Capital and SK Telecom Ventures.
Sequent provides near-field-communication software, enabling its customers and partners to deploy NFC payment systems to allow consumers to make payments and other transactions with their mobile devices.
The company’s CEO, Drew Weinstein, says Sequent is the only company whose sole focus is being a “neutral, pervasive administrator of individuals’ personal identification and credentials” between the payments world, retailers, smartphone providers and carriers.
Bob Borchers from Opus Capital and Rob Trice from SK Telecom will join Sequent’s board.
For your further reading pleasure:
Google Joins NFC Forum To Advance Near Field Communication Technology
So Why Should You Care About NFC? (CrunchGear)
The Ever-Elusive Mobile Wallet: Why NFC Chips Are Overhyped And Will Underdeliver
Apple Aims To Take NFC Mainstream; Perhaps The Greatest Trick They’ve Ever Pulled?
With The NFC Wave About To Hit Shore, RFinity Raises Money To Make It Fast, Secure
Sequent Software provides a leading Near Field Communication (NFC) software and services platform. Sequent acquired the Software Division of ViVOtech in October 2012. Sequent’s comprehensive SE-TSM Secure Element Management service supports diverse contactless security technologies while rapidly onboarding issuers and application providers. Sequent provides SP-TSM software to enable banks and other service providers to provision and manage their own credentials on the secure elements of mobile phones. Sequent’s Wallet Enablement Platform makes it easy to add Near Field Communication (NFC)...
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