How I became a unicorn
— 5 januari 2016We call them unicorns: Fintech companies that were founded after 2000 and are now valuated at 1 billion dollars or more. Named after the mythological creature, they are just as rare. Nevertheless, we found three of them and asked how they became a unicorn. Today part 2:
How did you become a Unicorn?
Mike Love (president of Mozido): “The market we are operating in is growing rapidly. We have responded to that trend by raising capital first and then investing in the markets that show the most potential for growth, including geographies where mobile money is in high demand. In our early years we focused on building and funding our company. Four years ago we made our entrance in the market. Because we stepped in at the right moment, we were able to grow fast.
What is it that you do better than your competitors?
“Currently, there are many types of mobile phones and payment solutions. Our product is device-agnostic, so we’ve made it possible to make mobile payments work on all kinds of mobile devices, from feature phones to iPhones to Samsung, for example. The challenge for us was getting all of these devices to work together for payments around the world. We are also one of the few companies that enable cross-border payments because our technology is mobile-first and cloud-based, which makes ecommerce between foreign merchants and consumers easier.”
What is your vision on the market?
“We want to continue growing globally. For our product, it is important that we introduce it everywhere. We plan to extend our solution to other countries where mobile payments can have an impact on daily life, especially in developing countries. The United States is our homeport, but now we want to expand our mobile payments ecosystem.”
Mozido
Established: 2007
HQ: Austin, Texas (United States)
Founder: Michael Liberty
What it does: Mozido develops worldwide mobile cross-border payment and loyalty solutions
Over de schrijver
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