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Mozido Inc., a specialist in mobile payment system, completed the first part of financing of their planned $400 million.
The tech company, which is based in Austin, collected a total of $185 million in funding for the Series B round. They will be using the capital for expanding their network by means of strategic acquisitions.
As per company statement, their investors include Wellington Management Co., MasterCard, Julian Robertson Jr. and H.R.H. Sheikh Nahyan.
Mozido has collected $395 million in total investment since it started its operations in the year 2008. It provides marketing software and develops systems in mobile payment.
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