Malauzai Software Gets $3M For Mobile Banking Software

Austin-based Malauzai Software, which develops mobile banking applications for the community financial institutions market, said today that it has raised $3M in funding. The company said the Series B funding will go toward ramping up its mobile banking programs and for strategic partnerships, product expansion, and more. Source of the new funding was not announced. Malazuai said it now has 122 banks and credit unions live on its software, with 170 signed clients. The company also said it now has more than 35 employees. More information »