Mad Mobile, a connected commerce and mobile payments firm, has scored $20m in financing from Eastward Capital Partners.
This capital influx will accelerate further development of Mad Mobile’s unique technology platform for modern point-of-sale and payments and will fuel commercial market growth.
Mad Mobile’s platform processes more than $3B in payments annually. Mad Mobile is a go-to-market partner for some of the most trusted names in mobility and enterprise software, including Apple, Samsung, Amazon, and Salesforce.
Mad Mobile has experienced substantial growth in recent years as the mobilisation of retail and restaurants has accelerated. Mad Mobile offers retailers and restaurants a complete solution for modern point-of-sale with mobile POS, mobile ordering, self-checkout, clienteling, mobile fulfilment, and contactless payment.
Mad Mobile CEO Bruce Bennett said, “Major retailers and restaurants are seeing significant sales lift and valuable labor efficiencies when they deploy the Mad Mobile platform as a full commerce solution or on top of legacy POS systems.
“This investment acknowledges the sizable market opportunity before us as traditional point-of-sale evolves into a Connected Commerce experience for both online and in-store.”
The round was led by Wavemaker Partners and saw participation from Octava Pte and Polaris Kin Pte.
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