Malauzai Software Raises $6.5M More For Banking Apps

Austin-based Malauzai Software, which develops mobile banking apps for community financial institutions, has raised $6.5M more in a Series C funding, the company said Thursday. The funding was led by Wellington Management Company. The company said the new funds will go to grow its organization and expand the functionality of its apps. The new funding comes on top of an earlier, $5.3M in funding for the company. Malauzai is led by Tom Shen. More information »