Genable Technologies
Latest round
- Series B
Last raised
- Nov 2011
Total raised
- $8.3M
Investors
- 2
About Genable Technologies
Genable Technologies Limited specializes in mobile payment solutions for online gambling, facilitating direct deposits through mobile billing systems. The company is headquartered in Dublin, Ireland. Genable Technologies has been involved in 3 deals, with the most recent on March 7, 2016.The company specializes in providing Pay by Phone casino services, which represent a significant innovation in the online gambling sector. Their core offering allows users to make deposits directly through their mobile devices, utilizing existing mobile billing systems or prepaid balances, thus eliminating the need for traditional banking methods such as credit cards or bank accounts. This service enhances user anonymity and convenience, allowing players to seamlessly fund their gaming activities with only a few taps on their devices. The primary end users include online gamblers seeking an efficient and secure payment method, and the customer base spans various geographical markets, notably in Europe and North America, where mobile payment solutions have gained traction.The company generates revenue through transaction fees associated with Pay by Phone deposits made by users at partnered online casinos. The transaction structure typically operates on a direct-to-consumer model, where players utilize the Pay by Phone method to add funds to their casino accounts. Each transaction incurs a fee that is either absorbed by the casino or passed on to the user, depending on the partnership agreements in place. The company's flagship service facilitates immediate transactions, which attracts a high volume of users looking for fast and secure payment options.Genable Technologies Limited is focused on expanding its product offerings and geographic presence. The company is currently designing new features for its Pay by Phone services, with plans for a launch in early 2024. Expansion into additional markets in Europe and North America is targeted for the same year.00 mn will be utilized to support these initiatives, enhancing product development and market penetration efforts.
Who invested in Genable Technologies
2 investors across 2 rounds
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Questions about Genable Technologies
Who invested in Genable Technologies?
Genable Technologies has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Genable Technologies raised?
Genable Technologies has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Genable Technologies last raise money?
Genable Technologies's most recent round on record is a Series B, in Nov 2011.
What does Genable Technologies do?
Genable Technologies Limited specializes in mobile payment solutions for online gambling, facilitating direct deposits through mobile billing systems.
Where is Genable Technologies headquartered?
Genable Technologies is headquartered in Dublin, Ireland.
Which VCs invest in companies like Genable Technologies?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back biotechnology companies at Genable Technologies's stage. Their profiles are linked below.
VCs backing biotechnology startups at Series B
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