# Mocapay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mocapay

- Industry: Financial Services
- Headquarters: Denver, US
- Website: www.mocapay.com
- Total disclosed funding: $3.3M
- Latest round: Series A (Jul 12, 2007)
- Investors on record: 1

## About

Mocapay provides innovative payment solutions, including prepaid and debit cards, facilitating efficient transactions for a variety of customer segments, such as financial institutions and government entities.Founded in 2006 in Denver, US, Mocapay specializes in modern payment solutions. The company has completed five deals to date, with the latest being a Series B funding round in June 2021, raising USD 3.000 mn from Woodforest National Bank. David Moca is the founder, and Iader Chiorboli currently serves as CEO.MOCA Financial Inc. specializes in providing a comprehensive suite of modern payment solutions through its core offerings, which include MOCA Prepaid and Debit Cards, MocaMoney, and MOCA Mobile. These products serve various customer segments, including financial institutions, government entities, fintech companies, and brands, by enabling them to customize their payment programs. The Family Card solution offers extensive card controls and real-time transaction alerts, while the PATRIOT Card is tailored specifically for veterans and active-duty military personnel, featuring white-glove support and cash-back rewards. MOCA's offerings are designed for diverse geographical markets, catering to both individual consumers and businesses in the United States and potentially other regions where digital payment solutions are in demand.MOCA Financial generates revenue through multiple channels, focusing on transaction-related income and service fees associated with its payment solutions. The company's business model includes partnerships with financial institutions and government entities, which utilize MOCA's technology to streamline their payment processes. For instance, a government agency may implement the PATRIOT Card to distribute federal and state benefits, resulting in transaction fees for each card usage. The company also benefits from cash-back rewards programs that incentivize end-users to engage with its products, driving further transaction volumes. MOCA’s revenue streams are bolstered by the expansive range of its services, including business debit and cash cards, purchase cards, and payroll card solutions, which cater to both B2B and consumer markets.In June 2021, Mocapay raised USD 3.000 mn in Series B funding, which will be used to enhance its state-of-the-art payment solution, build out its team, expand its sales reach, and ensure best-in-class customer service. The company aims to launch new products and expand into additional markets by leveraging this funding.

## Funding rounds

- Series A, Jul 12, 2007, $3.3M — Lacuna Gap Capital

## Investors

- Lacuna Gap Capital (https://capitalatlas.ai/funds/lacuna-gap-capital) — Series A