About MoCaFi
MoCaFi is a company based in New York (United States) founded in 2015 by Wole Coaxum. MoCaFi has raised $49.98 million across 9 funding rounds from investors including Truist, Mastercard and Citi. MoCaFi has completed 1 acquisition, including Rezzcard. MoCaFi offers products and services including Digital Benefit Payments, Mobile Banking Solutions, and Self-service Online Payments Portal. MoCaFi operates in a competitive market with competitors including Chime, Stash, Dave, Albert and Umba, among others.
- Headquarter New York, United States
- Founders Wole Coaxum
- SectorsFinancial Services
- Email••••••••
- Website mocafi.com
- Social LinkedIn X Facebook
- Legal Name Mobility Capital Finance, Inc.
Products & Services of MoCaFi
MoCaFi offers a comprehensive portfolio of products and services, including Digital Benefit Payments, Mobile Banking Solutions, and Self-service Online Payments Portal.
System for distributing one-time or monthly payments via prepaid cards.
App providing debit cards, payments, and customer support for users.
Portal for managing bulk card shipments and program communications.
Apps and channels of MoCaFi
MoCaFi publishes 2 mobile apps with over 50K+ downloads.
Funding Insights of MoCaFi
MoCaFi has successfully raised a total of $49.98M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $23.5 million completed in May 2023. 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 $49.98M
- Total Rounds 9
- Last Round Series B — $23.5M
- First Round $1.63M
(Oct 2017)
- Investors Count 14
All 9 funding rounds of MoCaFi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | $23.5M | Series B | – | Commerce Ventures | |
| Feb 2021 | $12M | Series A | – | Mastercard, Citi | |
| Jan 2021 | $1.5M | Series A | – | – | – |
| Nov 2020 | – | Series A | – | Mastercard | – |
| Feb 2020 | $3.5M | Series A | – | Radicle Impact Partners | |
| Oct 2019 | $6.02M | Series A | – | – | – |
| Jun 2018 | $20,000 | Seed | – | – | – |
| May 2018 | $1.81M | Seed | – | – | – |
| Oct 2017 | $1.63M | Seed | – | – | – |
14 investors in total: 14 institutional.
Investors in MoCaFi
MoCaFi has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Truist, Mastercard and Citi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in retail and financial services technologies. | – | commerce.vc | - | |
- | – | 1flourish.com | - | |
Radicle Impact is focused on early-stage impact investments. | – | radicleimpact.com | Oakland, United States | |
Economic growth is supported via family-backed investments in New York. | 1768 | pfnyc.org | New York, United States | |
Venture capital firm creating funds for innovative companies in women's health and emerging markets. | – | portfolia.co | - | |
Sustainable projects are incubated for startups by SVC. | – | svcimpact.org | Napa, United States | |
Impact investments are made to support sustainable and equitable ventures. | 2018 | sustainvc.com | Boston, United States | |
BNY is recognized as a global financial services provider. | 1784 | bnymellon.com | New York, United States | |
Diverse financial services and online banking are provided to clients. | 1852 | wellsfargo.com | San Francisco, United States | |
Wealth advisory and banking services are offered to clients. | 1872 | truist.com | Charlotte, United States |
Investor details for MoCaFi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of MoCaFi
35 people are tracked at MoCaFi (9 in leadership, 17 in board & advisors, 9 in team).
| Name | Role | Group |
|---|---|---|
Wole Coaxum | Founder & CEO | Leadership |
Gregory St. Louis | Senior Director Of Relationship Management | Leadership |
Stanley Toussaint | Head, Community Partnerships | Leadership |
Iquan Worthington | Creative Director | Leadership |
Christina Keitt-Chaney | Head of Sales & Relationship Management | Leadership |
Dan Sullivan | Director, Municipal Engagements | Leadership |
Steve Royster | Head of Marketing | Leadership |
Varun Gupta | Chief Financial Officer | Leadership |
Sean Wheeler | Senior Regional Sales Director-public Sector | Leadership |
Randi Zeller | Advisory Board Member | Board & advisors |
Alex Cooper | Advisor | Board & advisors |
Tom Hutton | Advisor | Board & advisors |
Alvin Bowles | Advisor | Board & advisors |
James Bildner | Advisor | Board & advisors |
Debra Somberg | Advisor | Board & advisors |
Jeff Meyers | Advisor | Board & advisors |
Michael Carpenter | Advisor | Board & advisors |
Fred Terrell | Board Member | Board & advisors |
Barbara Yastine | Advisor | Board & advisors |
Daniel Borok | Advisor | Board & advisors |
15 more people are available in the full profile.
Complete people profiles for MoCaFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by MoCaFi
MoCaFi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rezzcard.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Rent statements and payments are processed for multi-family housing tenants. | rezzcard.com | New York, United States | 2010 | Sep 2017 | •••• |
Complete acquisition details for MoCaFi
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of MoCaFi
4 dated milestones of MoCaFi across 8 years, from founding to its latest funding, stage changes and deals.
- Founded MoCaFi is founded.
- Acquisition Acquires Rezzcard.
- Funding First funding round of $1.6M.
- Funding Latest funding round, Series B, of $23.5M.
Competitors of MoCaFi
MoCaFi 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 Chime, Stash, Dave, Albert and Umba, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| chime.com | 2012 | San Francisco, United States | $3.16B | 1,604 | Digital banking services are offered to individuals via mobile apps. | |
| stash.com | 2015 | New York, United States | $920.99M | – | Automated investment and robo-advisory services are offered to individuals. | |
| dave.com | 2016 | Los Angeles, United States | $63.56M | 320 | Digital banking services are provided for easier financial management. | |
| albert.com | 2015 | Los Angeles, United States | $178.63M | 160 | Digital banking app is offered for savings, investing, and budgeting. | |
| umba.com | 2011 | Nairobi, Kenya | $17.82M | – | Digital banking solutions are offered to individuals through mobile apps. | |
| withyotta.com | 2020 | New York, United States | $21.21M | – | Digital banking services for consumers are offered via mobile app. | |
| getprizepool.com | 2019 | Menlo Park, United States | $18.62M | 2 | Digital banking services for individuals' savings and payments are provided. | |
| current.com | 2015 | New York, United States | $587.85M | – | Digital banking services for individuals are offered. |
Detailed competitors of MoCaFi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MoCaFi
The website of MoCaFi (mocafi.com) receives about 3.6K visits a month.
- Monthly visits3.6K
▲ 38.1% vs previous month
Websites whose visitors overlap most with MoCaFi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| branchapp.com | 100% | 233.7K | #138,438 | View details | |
| modakmakers.com | 100% | 155K | #187,873 | View details | |
joinporte.com | joinporte.com | 60% | – | #2,495,457 | – |
| aspiration.com | 60% | 27K | #1,129,905 | View details |
Latest news on Mocafi
Complete news archive for MoCaFi
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MoCaFi
10 companies that operate in the same segment as MoCaFi (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about MoCaFi
MoCaFi was founded in 2015 and raised its 1st funding round 2 years after it was founded.
MoCaFi is headquartered in New York, United States. It is registered at New York, New York, United States.
Wole Coaxum is the current CEO of MoCaFi. They have also founded this company.
MoCaFi is a funded company, having raised a total of $49.98M across 9 funding rounds to date. The company's 1st funding round was a Seed of $1.63M, raised on Oct 2017.
MoCaFi was founded in 2015 in New York, United States, within the fintech sector. Prepaid cards focused on credit building are issued to consumers, enabling cash withdrawals, money transfers, bill payments, and additional transactions. An app-based platform is utilized for monitoring activity, with availability on iOS and Android devices. Operations center on accessible financial tools for everyday use.
MoCaFi offers Digital Benefit Payments, Mobile Banking Solutions, and Self-service Online Payments Portal.
MoCaFi has made 1 acquisition, including Rezzcard.
MoCaFi has 14 investors. Key investors include Truist, Mastercard, Citi, Wells Fargo, and Partnership for New York City.
MoCaFi operates through Mobility Capital Finance, Inc..
Yes. MoCaFi publishes MoCaFi — Mobile Banking and 1 more app, with over 50,000 downloads.