Mosambee, a Mumbai based mPoS solution provider, has raised seed funding of around $1 million from SIDBI Ventures. The funding will be used for marketing and scaling of services.
Last year, Mosambee had launched its service in Dubai after a soft launch in India by September 2012. The company plans to officially launch in the country this month and plans to expand to Southeast Asian and Western markets. It also intends to build market specific solutions for the West.
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