Dec 17, 2013

Home > Companies > Mobile banking solutions startup closes $1.65M round from NE firms Mobile banking solutions startup closes $1.65M round from NE firms / Companies , News Recently Prairie Cloudware , an early-stage startup that helps bank and credit union customers make mobile payments safely, closed a $1.65 million capital raise from Nebraska investors. Treetop Ventures and Croghan Investments led the investment round with contributions from Nebraska Global, NeInet, Tetrad Corporation and a number of other angel investors. “The founders of Prairie Cloudware see an opportunity to provide robust and secure systems to financial institutions that allow them to offer their consumers convenience, safety and choice when making digital payments,” Michael Carter, who does strategy and business development for the startup, told Silicon Prairie News. Carter names payment companies FDC and ACI Worldwide as reasons a payments company would want to settle in the Silicon Prairie and Omaha more specifically. “We believe financial institutions will leverage their position as the preferred provider of digital payments for consumers and step into the gap to offer a secure solution that delivers a simplified digital payment experience,” Carter said. The startup was founded in 2012, and after hiring a team of technologists, began to evaluate a variety of product methods to create Prairie Cloudware. The startup’s officials says the capital raised will be used for research and development purposes, as well as prototyping the startup’s product through 2014.