Company Description

mFoundry is the most popular mobile banking solution in the U.S., the choice of more than 800 banks and credit unions nationwide. mFoundry’s award-winning mBanking platform is the leading software-as-a-service (SaaS) mobile banking solution in the financial services industry today.

mFoundry has an extensive partner network that includes FIS, Open Solutions, COCC, PSCU Financial Services, NCR, CO-OP, First Data and PayPal. These partnerships, combined with its extensive implementation experience and flexible SaaS-based architecture help it deploy mobile banking solutions quickly.

While known best for its mobile banking innovation, mFoundry has also demonstrated leadership in mobile payments, leading Starbucks Card Mobile, the most successful mobile payments program to date, currently used across more than 6,800 Starbucks.

mFoundry was founded in 2004 by Drew Sievers and Rodney Aiglstorfer. The company is headquartered in Larkspur, California, with additional offices in downtown San Francisco.

mFoundry Funding

  • Dec 1, 2011
    $18,000,000
    Mastercard, Intel Capital, Motorola Mobility
  • Oct 1, 2007
    $15,000,000
    Motorola Ventures, PayPal, NCR Corporation, Global Retail Partners, Ignition Partners, Apax Partners
  • Mar 1, 2006
    $7,300,000
    Apax Partners, Global Retail Partners, Ignition Partners

exits

  • Acquisition Jan 31, 2013
    $120,000,000
    FIS

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