San Mateo, Calif. – Kony Solutions, the Florida-based creator of a mobile app development platform, with West Coast operations in San Mateo, said on Wednesday it has landed $15 million in its third round of funding, led by Insight Venture Partners.
The company said it will use the proceeds to fuel operations growth, sales and marketing programs and regional expansion.
Earlier this month Kony Solutions announced that it became the first mobile platform provider to support the new MasterCard PayPass Wallet Services.
This news follows a year in which the company grew bookings by more than 200 percent and added more than 30 major customers, including Aetna, CIBC, Scottrade and Sun Life Financial.
“This funding will help us continue managing the incredible growth we’re seeing in our business,” said CEO Raj Koneru.
This article was also published in Bay Area Tech Wire.
Kony Solutions – official site
Kony Solutions – press release