When was mFoundry founded?

mFoundry was founded in 2003 and raised its 1st funding round 4 years after it was founded.

Where is mFoundry located?

mFoundry is headquartered in Larkspur, United States.

How many employees does mFoundry have?

As of Aug 31, 2026, the latest employee count at mFoundry is 4.

Is mFoundry a funded company?

mFoundry is a funded company, having raised a total of $41M across 3 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Oct 24, 2007.

How much is mFoundry worth?

The last known valuation of mFoundry was $***** as of Jan 31, 2013.

When was the latest funding round of mFoundry?

mFoundry's latest funding was a $***** Series C round on Dec 05, 2011, with participation from 4 investors.

Where does mFoundry rank among its competitors?

mFoundry ranks 6th amongst 111 active competitors, of which 15 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Monument Technology, which secured $24.1M in Jun, 2026.

Who are the top competitors of mFoundry?

mFoundry's top competitors include Tagit, Flybits and Dhanhind. Among them, Monument Technology secured the most recent funding round in June, 2026.

mFoundry - 2026 Company Profile, Team, Funding & Competitors

Q: Is mFoundry an acquired company?

mFoundry got acquired by FIS on Jan 31, 2013.

Company Details

mFoundry provides SaaS-based mobile banking solutions for financial institutions and retailers in the U.S. Developed the Starbucks mobile and loyalty program accepted at more than 6,800 locations. Had 850 clients at the time of its acquisition by FIS Global, with names such as Bank of America, PNC Bank and Zions Bank.

Website: mfoundry.com
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Key Metrics

Founded Year

2003

Location

Larkspur, United States

Stage

Acquired

Total Funding

$41M in 3 rounds

Latest Funding Round

Series C, Dec 05, 2011, $*****

Last Known Valuation

$***** as on Jan 31, 2013

Investors

Motorola Mobility & 8 more

Ranked

6^th among 111 active competitors

Employee Count

4 as on Aug 31, 2026

Similar Companies

Tagit & 144 more

Exit Details

Acquired by FIS (Jan 31, 2013)

View mFoundry's full profile

mFoundry is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Mfoundry, Inc. CIN: 200506833 , United States, Active		-	-	-

mFoundry got acquired by FIS on Jan 31, 2013 at an acquisition amount of $*****.

Click here to take a look at mFoundry's acquisition in detail

mFoundry has raised a total funding of $41M over 3 rounds. Its first funding round was on Oct 24, 2007. Its latest funding round was a Series C round on Dec 05, 2011 for $*****. 4 investors participated in its latest round. mFoundry has 9 institutional investors.

Here is the list of recent funding rounds of mFoundry:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 05, 2011	4962611	Series C	8988024	1853191	2466649	1135456
Jul 30, 2010	5361889	Series B	6819788	5085328	3221167	3671979
Oct 24, 2007	5801280	Series B	6533890	5483788	Motorola Mobility	PayPal & 4 more

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View details of mFoundry's funding rounds and investors

The founders of mFoundry is Drew Sievers. Mark Disalvo is the CEO of mFoundry.

Here are the details of mFoundry's key team members:

Drew Sievers: Co-Founder & ex-CEO of mFoundry.

View details of mFoundry's Founder profiles and Board Members

mFoundry's employee count trend

mFoundry has 4 employees as of Aug 26. Here is mFoundry's employee count trend over the years:

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Top competitors of mFoundry include Tagit, Flybits and Dhanhind. Here is the list of Top 10 competitors of mFoundry, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tagit 2004, Singapore (Singapore), Acquired	Provider of digital engagement solutions	$9M	SRA IP Solutions, JAM & 21 others	65/100
2nd	Flybits 2013, Toronto (Canada), Series C	Banking channel for enterprises	$50M	Information Venture Partners, Robert Bosch Venture Capital ... & 18 others	52/100
3rd	Dhanhind 2020, Chennai (India), Unfunded	Platform offering financial solutions	-	-	45/100
4th	Voxeo 1999, Orlando (United States), Acquired	IVR and Customer Service Solutions PaaS	$39.1M	North Atlantic Capital, Florida Growth Capital ... & 3 others	45/100
5th	Monument Technology 2023, London (United Kingdom), Seed	Online platform provider of Banking-Platform-as-a-Service solutions	$24.1M	-	44/100
6th	mFoundry 2003, Larkspur (United States), Acquired	Mobile banking and payments service provider.	$41M	Intel, Mastercard & 7 others	43/100
7th	Clair Mail 2003, San Rafael (United States), Acquired	Mobile solutions for banking, payment and card services.	$66.6M	Investor Growth Capital, Icon Ventures & 8 others	41/100
8th	Bluesource 2001, Hagenberg (Austria), Funding Raised	Developer of mobile banking applications and digital payment software solutions	-	aws Gründungsfonds, EIC Fund & 5 others	41/100
9th	SimplyMobile 2011, Bari (Italy), Unfunded	Mobile banking solutions provider	-	-	40/100
10th	Bankjoy 2014, Detroit (United States), Seed	Mobile banking solutions for credit unions	$120K	Curql, Bessemer Venture Partners & 7 others	38/100