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. Our mission is to enable NFC services without significant changes to complex proprietary infrastructure. Sequent’s comprehensive Secure Element Management solution has the flexibility to support diverse contactless security technologies while rapidly onboarding issuers, application providers, and their technology partners. In addition, Sequent’s breakthrough App Management technology consists of on-device middleware and support services that enable app developers to integrate NFC payments and other credentials into rich,...
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