Mobile payments solution provider iKaaz has raised undisclosed amount in seed funding from a group of investors lead by Ananda Kallugadde. The company will use the money raised to expand its operations across India and Africa.
iKaaz has an offering called Tap & Pay that lets you make payments from a mobile wallet using NFC. Customers can add an M-Pin for added security while using this form of payment. The company sets up NFC tags at PoS terminals and has wallets, so enterprises can accept payments using NFC. Devices that don’t have NFC can use the company’s app for paying utility bills, transferring money to bank and recharging mobile phone. Read more about the iKaaz here.
Recharge and utility payment website Cobboc, has received undisclosed amount of angel funding for mobile POS payment system Eashmart from CIIE, IIM Ahmedabad’s incubator, and two unnamed angel investors, reports StartupCentral. The company will use funds raised for further technology development and market education.
The app works like this – when you order food over phone, you can tell them you’ll pay via the service. Eashmart will send a pin to your phone which needs to be shared with the delivery person. The money transfer is made through Eashmart’s payment gateway, but it’s not clear if the company stores the card details, or how it works around 3D secure, or at which point the customer needs to enter those details. The company is pitching themselves as competition to portable swiping machines for which business need to pay a monthly fee to banks. It competes with services such as Ezetap and Prizm which are basically clones of Square.
OurHealthMate, an online platform targeted at NRIs to manage and monitor their family’s healthcare, has raised $440k in seed funding from several angels led by Bimal Shah. The company will use the funds to expand across Asia, and recruit 6-16 people into their teams across India and Singapore.
The company was incubated in the JFDI accelerator in 2013 and completed the programme in December 2013. The service has been used by 2,000+ doctors in 700+ medical centres located in 50+ cities spread across India. An additional 30 hospitals are joining each week.