C$ cMoney Gets $100M

Houston-based C$ cMoney, which says it is developing mobile payment technology, said Thursday that it has raised $100M. The funding came from AGS Capital Group, LLC. The firm said it will use the funding to expand the firm and launch its services. C$ cMoney had previously raised around $15.0M in March from Kodiak Capital Group; the firm also recently went public on the OTCBB via a reverse merger. The firm claims it will launch its services in 2011.