SmartPesa allows merchants to accept card payments using a mobile phone (Mobile Point of Sale, mPOS) whilst also allowing every merchant to act as a bank branch. Comprising a low-cost card reader, App and server-side processing, SmartPesa solves the payments last-mile problem whilst fully integrating with existing banking infrastructure. Any local or international card is supported including Chip&PIN and mag-stripe cards. Especially suitable for emerging markets.
This venture has not initiated a round of financing on this platform. If they choose to, the summary of the fundraising round will appear to registered investors here.