SALT Technology Raises $2 Million in Funding (Jan. 30, 2013)
Jan. 30, 2013
SALT Technology Inc., a San Francisco-based provider of a cloud-based mobile payments platform, has raised $2 million in financing from private investors with backgrounds in the mobile, financial and payments technology sectors. The company, which also has offices in London and Toronto, said it will use the new funding to accelerate the development and delivery of the SALT Payment Platform, SALT Personal Payment Profile and SALT Merchant Services, which enable mobile network operators, financial institutions and merchants to “quickly” bring branded mobile wallets to market.
“We have had tremendous interest from strategic investors who are desirous of seeing a more rapid evolution of real, scalable solutions for the mobile payments market,” said Brian A. Bogosian, SALT Technology CEO. “Our innovative platform and integrated merchant solutions help to make mobile payments a reality for our partners . . . whether they wish to support NFC-based, peer-to-peer or mobile browser-based payments.” The first implementations of the platform are scheduled to be launched this year.