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:
So Why Should You Care About NFC? (CrunchGear)