Mobileware Technologies has raised $4.75 million in a new round drove by Denmark

Mobileware Technologies, an API banking and digital payments startup, has raised $4.75 million in a new round drove by Denmark-based Kvanto Payment Services.

The funding cash will be utilized in the improvement of advanced item features for their facilitated API Banking Platform as well as other banking-tech items. The company’s marketing and sales initiatives will also be expanded to increase its presence in the banking and payments area in India and overseas, said Mobilware in a press release.

Established by Amitabh Kanekar and Satyajit Kanerkar, Mobileware Technologies creates endeavor portability answers for its customers in the banking, insurance, and financial administrations domains.

The Maharashtra-based startup claims to have a global reach to more than 400 banks using their payment gateway administrations. Its flagship item TransXT – is an API Banking platform that expands a bank’s digital infrastructure/administrations to businesses as straightforward plugins. It gives single-point API access to banking items/administrations like Account Opening, Bill Payments, QR-Based Payments, Aadhaar Enabled Payments, Lending and Insurance.