
MindMatics AG
Mobile messaging solutions and mobile payments.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
$15.5m Valuation: $15.5m | Acquisition | ||
Total Funding | 000k |
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MindMatics AG, established in 2000, positioned itself as an early entrant in the mobile services sector. The company initially provided a wide array of mobile marketing and messaging solutions before concentrating on two primary business lines: mobile payments and secure mobile messaging. The firm's key investors included T-Venture Mobile, DFJ Esprit Secondaries, and Holtzbrinck Ventures.
The company's flagship product was mopay, an international mobile payments platform. mopay enabled merchants of virtual, digital, and physical goods to bill consumers directly to their mobile phone or landline accounts, simplifying the payment process for online purchases. The platform operated in approximately 80 countries, reaching a vast consumer base. Its client roster included major digital merchants such as Valve, gameloft, and Wargaming. The second core service, MindMatics Secure Messaging, offered standardized and custom mobile messaging integration solutions to support business processes across various industries. The company operated from eight offices in key markets including Germany, Brazil, China, the UK, and the USA.
In a significant market consolidation move, MindMatics' main payment division, mopay, was acquired by its competitor Boku in October 2014 for approximately $30.9 million. This acquisition aimed to create the largest independent provider of carrier billing services globally, combining the complementary assets and customer bases of both entities. Following the mopay sale, the remaining MindMatics AG entity was acquired by Acision in September 2014, marking the conclusion of its operations as an independent company. Keywords: MindMatics AG, mopay, mobile payments, carrier billing, secure messaging, mobile marketing, direct operator billing, Holtzbrinck Ventures, T-Venture Mobile, Boku, Acision, mobile services, payment solutions, digital goods payment, virtual goods payment, SMS integration, business process support, fintech, mobile billing, online merchants