For Immediate Release:
Mobile Internet Capital, Inc. Invests in Credorax
Investment signifies Credorax's entrance into Japan's Card-Not-Present (CNP) arena
London - 9thApril 2013 -Credorax, the Smart High-Tech Acquirer for online merchants and Payment Service Providers (PSPs), today announced that the company has received an investment fromMobile Internet Capital, Inc.
Credorax joins the VC's other recently added prestigious portfolio companies including: Ruckus Wireless, which went public in November 2012, sMedio as well as Ubiquisys, which was recently acquired by Cisco. Based in Tokyo, Japan, Mobile Internet Capital's shareholders include: NTT docomo, Internet Research Institute and Mizuho Securities.
"We are very pleased to have Credorax join our portfolio of companies,"said Mikihide Katsumata, President and CEO of Mobile Internet Capital."Based on Credorax's success in Europe's cross-border e-market, and more recently their innovation and traction in mobile payments, we believe the company has the potential to become a key acquirer in Japan."
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About Credorax:Credorax's Smart Acquiring Solutions are based on its proprietary payment platform, ePowerTM; a Unified Transaction Processing & Acquiring platform built to optimisethepayment and acquiring lifecycle process for multi-channel retail environments. For more information please visitwww.credorax.comor follow on Twitter @credorax.
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