Mint Wireless, a mobile payments firm based in Australia, has been backed by boutique investment manager Acorn Capital.
The investment company has purchased 31,000 shares from the directors of TAAJ Corporation, making the firm a substantial shareholder.
Acorn Capital's investment in Mint Wireless comes days after the mobile payment firm launched Mintegrate, a platform designed to support developers looking to integrate mobile payments into smartphone applications.
The solution comprises of free Software Developer Kits (SDKs) and Application Programming Interfaces (APIs) to support iOS and Android mobile point-of-sale (mPOS) transactions.
Mint Wireless chief executive, Alex Teoh, said it offered Australia’s first simple, yet powerful, mobile payment integration for developers.
“Having developed mobile payment solutions for the market since 2007, Mint Wireless has built on our experience and heritage to deliver a bank–grade and industry compliant solution that will exceed the expectations of developers, their customers and end users,” he said.
Mint Wireless believes the value of mPOS transactions in Australia will rise to $7 billion in 2014, with the potential to grow to $20 billion in 2016.
By Tony Aynsley