Monitise in talks to raise up to £100m

City A.M. Reporter
BRITISH mobile banking technology company Monitise confirmed yesterday it was in discussions with institutional and strategic investors to raise up to £100m.

The company said the proceeds would be used to fund new mobile banking and commerce opportunities for financial institutions and payment companies.

“Our business is seeing enormous demand for Mobile Money services,” said chief executive Alastair Lukies.

City A.M. columnist Mark Kleinman broke the story yesterday in this newspaper, and named Canaccord Genuity as the likely adviser.