MoCaFi Secures $2M in Funding
Mobility Capital Finance “MoCaFi”, a mobile financial services firm, has designed a platform to reach people without access to traditional banking and credit services. MoCaFi has raised $2.0 million in convertible note funding, including an investment of $100,000 from Newark Venture Partners (NVP). The FinTech startup seeks to disrupt the $144 billion alternative financial services market, which today includes payday lenders, car title lenders, and check cashing services by leveraging mobile technologies, analytics and digital user acquisition strategies.
Facebook Audience Network Partners With MoCaFi To Revolutionize Community Banking
MoCaFi has the chance to change the lives of many people who have found themselves on the margins in this country. A third of Americans do not have bank accounts, with some paying more for financial services than food. By leveraging Facebook Audience Network as an alternative revenue source, we can revolutionize community banking.