
MobileCoin
Founded Year
2018Stage
Series B | AliveTotal Raised
$108.03MValuation
$0000Last Raised
$66M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+30 points in the past 30 days
About MobileCoin
MobileCoin offers a digital payment system. It enables global end-to-end encrypted payments on a phone. The company ecosystem encompasses a wide range of components, including wallets, trading platforms, exchanges, bots, and developer tools. The company was founded in 2018 and is based in San Francisco, California.
Research containing MobileCoin
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned MobileCoin in 2 CB Insights research briefs, most recently on May 31, 2023.
Expert Collections containing MobileCoin
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
MobileCoin is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
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Payments
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Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
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Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 250
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250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
MobileCoin Patents
MobileCoin has filed 4 patents.
The 3 most popular patent topics include:
- Payment service providers
- Payment systems
- Computer memory

Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
12/7/2018 | Payment systems, Payment service providers, Wireless networking, Network management, Network protocols | Application |
Application Date | 12/7/2018 |
---|---|
Grant Date | |
Title | |
Related Topics | Payment systems, Payment service providers, Wireless networking, Network management, Network protocols |
Status | Application |
Latest MobileCoin News
Sep 14, 2023
Source: a video screenshot, MobileCoin / YouTube MobileCoin, a privacy-focused payments network and the builder of Signal's crypto payments feature, has moved its chief technology officer, Sara Drakeley, into the chief executive officer position. According to the press release, Drakeley's appointment emphasizes the company's plans to "amplify its product offerings and broaden its market reach." Drakley is "focused on bringing instant, cross-border, peer-to-peer payments to customers and businesses alike," MobileCoin said . Per Steve Jurvetson, co-founder of Future Ventures and MobileCoin board member, the new CEO will "act as the catalyst for the next generation of payments." Drakeley previously worked for companies like SpaceX and Disney Animation Studios. Henry Holtzman, MobileCoin’s Chief Innovation Officer, will now move into the CTO position. He previously worked at MIT Media Lab as Chief Knowledge Officer and Samsung as VP of Technology and Innovation, the announcement said. The payment infrastructure company, the press release noted, is focused on global expansion, as well as identifying and addressing pain points in global payments infrastructure, adding that: "A core strategy involves expanding into key markets like Latin America and Africa, which have shown high crypto adoption levels and everyday use cases." Drakeley opined that the traditional payments infrastructure is broken and that it is "unacceptable" in this age of technological advancement for people to have to wait days to receive their money. Moby Wallet Rising in Developing Countries End-to-end messenger Singal launched the beta version of the MobileCoin-powered payments solution in 2021. MobileCoin uses the Stellar (XLM) Consensus Protocol (SCP) to synchronize a ledger. It is the first payments protocol for which Signal added support, enabling a MobileCoin wallet to be linked to the messaging app. This allowed Singal users globally to send/receive MobileCoin's MOB token (instantly, anonymously, and with low fees), monitor balance, and review transaction history. Early this year, the company introduced a wallet called Moby, described as an easy-to-use payment app that lets its users send and receive money in less than 5 seconds. Senders only need to type in a phone number, enter the amount, and hit send. Moby is not holding custody of the funds, the company said, guaranteeing a cash level of privacy for its users. Meanwhile, per TechCrunch, citing Drakeley, the team's focus on low energy consumption helped Moby gain popularity in developing countries with a large remittance inflow, such as Mexico, Nigeria, and the Philippines. MobileCoin is backed by companies such as BlockTower Capital, Coinbase Ventures, and TIME Venture. In 2018, the project announced a 30 million fundraising round led by Binance Labs. It raised USD 11.35 million after that across two rounds from Future Ventures and General Catalyst. On Thursday morning (UTC), MobileCoin's MOB token was trading at $0.537979, up nearly 1% in a day and 1% in a week, and down nearly 20% in a month. MOB price chart (30-day period): Source: CoinGecko
MobileCoin Frequently Asked Questions (FAQ)
When was MobileCoin founded?
MobileCoin was founded in 2018.
Where is MobileCoin's headquarters?
MobileCoin's headquarters is located at 1 Market Street, San Francisco.
What is MobileCoin's latest funding round?
MobileCoin's latest funding round is Series B.
How much did MobileCoin raise?
MobileCoin raised a total of $108.03M.
Who are the investors of MobileCoin?
Investors of MobileCoin include Future Ventures, General Catalyst, VY Capital, Coinbase Ventures, Alameda Research and 9 more.
Who are MobileCoin's competitors?
Competitors of MobileCoin include Circle and 4 more.
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