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Fundamo

fundamo.com

Fundamo is a pioneering financial technology company and a global leader in providing mobile banking and payment solutions, particularly aimed at unbanked and under-banked populations in emerging markets. Founded in 1999 and headquartered in Cape Town, South Africa, the company developed a specialized platform that enables mobile network operators and financial institutions to deliver services such as person-to-person payments, bill payments, and branchless banking. By 2011, Fundamo had over 50 active deployments across more than 40 countries in Africa, Asia, and the Middle East, reaching millions of subscribers. The company was acquired by Visa Inc. in June 2011 for $110 million to serve as the foundation for Visa's global managed service for mobile money.