Mobile payments startup ToneTag raises $8-10mn led by Amazon
Bengaluru-based mobile payments startup ToneTag has raised $8-10 million from investors led by Amazon and Mastercard. ToneTag's investors include Manipal Global Education chairman Mohandas Pai, PremjiInvest's Chief Investment Officer TK Kurien, and Facebook executive Anand Chandrasekaran. Founded in 2014, ToneTag allows secure proximity payments using sound or Near-Field Communication (NFC).