Bengaluru based Payment Platform Raises $10 Million Funding From Amazon
Bengaluru based ToneTag, a contactless payment platform has raised $8-10 million from investors like Amazon Inc. and Mastercard etc.
Founded in 2013, ToneTag enables contactless digital transactions on mobile phones, card swiping machines, automated teller machines and other payment-enabling devices.
The payment platform enables existing POS devices to accept payments using sound.
Tonetag was founded by Kumar Abhishek and Vivek Singh and currently have a 47-member team constantly working to bring innovation to its technology.
ToneTag has filed 7 global patents for a variety of exciting use cases in the payments ecosystem and the offline retail space and has touched the lives of its over 50 million global consumers.
The startup collaborated over 250,000 merchants to made thei...