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December 11, 2007
France's InsideContactless Attract Nokia Growth Partners
InsideContactless announced a Series C round of €25m ($38m) in a deal led by Nokia Growth Partners. The investment comes on the back of the firm achieving some milestones this year, such as the successful launch of its new MicroRead NFC (near field communication) platform and the delivery of 35 million MicroPass intelligent payment platforms for the US contactless payments market, according to the firm.
“This is more than a financial investment, this is about a strategic partnership with key players who are committed to building and driving the NFC eco-system,” said Rémy de Tonnac, CEO of INSIDE Contactless in the same statement.
He added that three years ago a similar strategic investment was made by Visa, which "brought the company to a leading position in the field of Contactless payment". He's hoping this deal with will lead to a similar success in the NFC market.
View InsideContactless
Posted on December 11, 2007 07:24 PM | Posted to News And Updates | Permalink
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