Mobeewave

Mobeewave — the Canadian company founded in 2011 developing technology which turns the smartphone with the NFC module into the payment terminal.

History

2020: Apple purchased Mobeewave

At the beginning of August, 2020 it became known of sale of Mobeewave of Apple company. According to the Bloomberg agency, the cost of the transaction was $100 million.

Apple confirmed the transaction, but did not begin to give media detailed comments, having limited to the following sample statement:

Apple buys the small technology companies from time to time, and we do not discuss our purposes or plans.

According to Bloomberg, Apple corporation is going to save completely all staff of Mobeewave and is not going to relocate them from Canada to the USA yet. The exact number of employees of a startup is unknown – according to the agency, their several tens, and CrunchBase mentions only two of his co-founders – and Benjamin du Hays and Maxime de Nanclas.

Apple purchased Mobeewave

It is supposed that Apple will use developments of Mobeewave in the iPhone smartphones which are equipped with NFC chips since 2014. Integration with Mobeewave is able to allow any user to accept with iPhone payments without additional hardware.

Apple continues development of the payment service of the Apple Pay which allows to pay purchases in retail stores and also the project of the credit card Card Apple.

According to Telegram-канала The Edinorog referring to representatives Fort Ross Ventures, the fund sold the share in Mobeewave to the transaction between a startup and Apple.^[1]

2015: Investments from Sberbank

In 2015 the group invested Mobeewave about $6.5 million. As the main investor in that a round of financing the Fort Ross Ventures venture fund (till 2015 — SBT Venture Capital) performed with investments of Sberbank. The bank then said that are interested in service because of the unsatisfactory level of acceptance of mobile payments.

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