Sequent Software Secures VC Funding for NFC Mobile Payments

May 12, 2011

Sequent Software, a provider of NFC (near field communication) software and systems, closed a round of series A financing that saw participation from Opus Capital and SK Telecom Ventures. The company plans to use the financing to drive commercial NFC mobile payment deployments.

Sequent's software is designed to help connect legacy payment infrastructure with the evolving mobile payment world, and can incorporate new payment innovations without requiring significant changes to existing payment systems. The company's comprehensive NFC platform and on-device software is available as a hosted solution to help companies get to market quickly, and can also be licensed and locally deployed. Sequent also provides end-to-end services such as customer diagnostics and care, business intelligence analytics, and hardware and software deployment.