Mobidoo offers a contactless mobile payment solution using it's Inaudible Sound Transmission technology, which sends data over sound.
• Has 12 B2B clients in 5 countries and fast growing sales: $58K in 2015, $142K in 2016
Pre-money Valuation14% Equity
Company DescriptionEnabling Offline Payment& Authentication on any Device
- Mobidoo IST (Inaudible Sound Transmission) Technology is a protocol that transmits data for mobile payment as well as authentication at point-of-sale by using inaudible sound. A.I. algorithms detect the surroundings and thus, help guarantee a clever and safe transaction.
David Lee CEO at Mobidoo (https://www.linkedin.com/in/david-lee-20285315/)
- Strategy Development: Samsung Electronics / Business Development of Qualcomm / Senior Consultant of IBM Global Business Services
Products & Services
“SMART SOUND” is the technology that sending data over soundwaves.
We have 5 solutions using SMART SOUND technology.
**1. Payment Solution**
: An interoperable solution between mobile payment service and POS.
It can be applied to any services at the point of sale such as pre-paid, point.
Now we have provided payment solution to Lotte (the largest retailer in Korea) as you can see blow video demo.
**2. Authentication Solution**
: It can be applied to entry system in company and attendance check in school.
This solution is also suitable for authentication process for on-demand service.
**3. (Location based)Marketing Solution**
: This solution can be applied to the customer engagement campaign in the retail shop, mall and so on. Furthermore, it can track the customer behavior either.
**4. IoT Solution**
: IoT solution helps paring process among devices.
It can be applied to devices communication whether the network is available or not.
**5. Sonic Stamp Solution**
: Sonic Stamp is a stamp-shape hardware that is generating SMART SOUND. We provide its SDK either. Sonic Stamp perfectly fits for on-demand services that are required authentication.
Funding| Total Funding Amount: $583,947
$ 300,000 ($ 300,000) | July 2017 | Series A
KRW 20.0 million ($ 17,746) | November 2016 | Seed
|LOTTE Accelerator||South Korea|
KRW 300.0 million ($ 266,200) | March 2016 | Seed
|Jimei KOREA||Jimei Korea is an investment and advisory firm.||South Korea|