Typhone raises $6.6M

What does Typhone do?

Typhone, is a mobile financial services platform which enables banks in offering customers branded mobile banking and payments systems for mobile phones. Its u4ia platform operates in any standard memory card slot and its companion Side Tap memory card comprises of the world’s first patented, neutral, and comprehensive memory card based payments for mobile contactless payments. Its partners enable a suite of services including Mobile Banking, Mobile Remote Payments, Mobile Identity Management, Mobile Contactless Payments and Mobile Retail Services.

How much Typhone was funded?

This venerable Portland mobile payments company raised $ $6.6M in Series C funding on May 28, 2015.

Previous funding

undisclosed amount in Series A funding on Febraury 4, 2008 from Ojas Venture Partners

$5M in Series B funding on September 7^th, 2010 from Ojas Venture Partners, HDFC Holdings and Polaris Software Lab

$300k in Debt Financing on February 9^th, 2012 from In-Q-Tel

What is next for Typhone?

Typhone has raised a total of $11.9 M to date. The funding will help the company grow as more global cybersecurity needs are emerging.  This solid funding will help fund its technology. The investment enhance its growth efforts as it continues to expand its business into such areas as mobile wallet protection and other cybersecurity offerings.  Siva Narendra expects to raise another $2 M before closing the round.

More about Typhone

Typhone was founded in 2004 by Siva G. Narendra and Prabhakar Tadepalli. It has its headquarters in Portland, OR. This startup provides revolutionary security with unparalleled convenience.  It envisions that anytime, anywhere access to info will need revolutionary security one which is a unique combination of software and hardware. Its identity and secure transaction platform is protected by more than 100 issued and pending patents and over 550 issued invention claims. The company holds  a hundred patents and employs 90 workers globally.