Mobile payments and security company, mChek is all set to expand its operations in the country and is now looking to raise $5-15 million in its second round of funding. Earlier funded by Draper Fisher Jurvetson, the company is likely to rope in another private equity player for its second round of expansion.
Rolling out its third expansion plan, mChek is now launching its services with four merchants — indiatimes.com, futurebazaar.com, sify mall and yatra.com. All that mChek users have to do is put in their mobile numbers and authenticate the transaction SMS with their mChek pin. Earlier, mChek tied up with Bharti Airtel for bill payment across the country.
Read more in The Economic Times article.
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