About mCash
mCash is a company based in St Helena (United States) founded in 2006 was acquired by SpareBank 1 in October 2015.. mCash has raised $7 million across 1 funding round from investors including SpareBank 1, Entree Capital and Northzone. mCash offers products and services including mCASH Mobile Payment, mCASH Faktura, mCASH Money Transfer, mCASH Event Ordering, and mCASH Food Ordering. mCash operates in a competitive market with competitors including MoneyGram, Vipps, CarePay, Spenn and Blockbond, among others.
- Headquarter St Helena, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 1 rounds
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Latest Funding Round
$7 M (USD), Series A
Feb 19, 2014
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Investors
SpareBank 1
& 2 more
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Employee Count
Employee Count
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Acquired by
SpareBank 1
(Oct 15, 2015)
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Products & Services of mCash
mCash offers a comprehensive portfolio of products and services, including mCASH Mobile Payment, mCASH Faktura, mCASH Money Transfer, mCASH Event Ordering, and mCASH Food Ordering. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure mobile purchases for kiosk items and tickets
Simplifies invoice payments and reduces paperwork
Facilitates quick sending and receiving of money
Allows pre-booking for concerts and festivals via mobile
Supports mobile ordering and pickup for restaurants
Funding Insights of mCash
mCash has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Series A round of $7 million completed in February 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $7.0M
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First Round
First Round
(19 Feb 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Series A - mCash | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in mCash
mCash has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include SpareBank 1, Entree Capital and Northzone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are directed toward pre-seed to Series C technology companies.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Northzone venture capital.
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Founded Year | Domain | Location | |
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Commercial banking services are provided throughout Norway.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by mCash
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - mCash
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mcash Comparisons
Competitors of mCash
mCash operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Vipps, CarePay, Spenn and Blockbond, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Mobile app for easy payments, money transfers, and business integrations.
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
Digital wallet services for transfers, payments, and withdrawals are offered.
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| domain | founded_year | HQ Location |
Mobile banking services and cost-free transfers are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about mCash
When was mCash founded?
mCash was founded in 2006 and raised its 1st funding round 8 years after it was founded.
Where is mCash located?
mCash is headquartered in St Helena, United States. It is registered at St Helena, California, United States.
Is mCash a funded company?
mCash is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Series A of $7M, raised on Feb 19, 2014.
What does mCash do?
mCash was founded in 2006 and is located in St Helena, United States, within the luggage manufacturing sector. Hard and soft-sided luggage, backpacks, and duffel bags are designed and produced. Quality standards are upheld through control measures and material sourcing. Both premium and economical product lines are maintained. New styles are developed annually by the design team to reflect trends in materials and design.
What products or services does mCash offer?
mCash offers mCASH Mobile Payment, mCASH Faktura, mCASH Money Transfer, mCASH Event Ordering, and mCASH Food Ordering.
Who are mCash's investors?
mCash has 3 investors. Key investors include SpareBank 1, Entree Capital, and Northzone.