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Plextek Enables Iceni Mobile to Realise its Secure Mobile Payments Vision

Plextek has announced its backing of Cambridge-based secure mobile payments start up Iceni Mobile. Plextek has worked closely with Iceni Mobile since 2008, contributing ongoing financial backing along with technical and commercial consultancy to support the development and deployment of its secure mobile payments platform Identity to Service (I2S).

Iceni Mobile was formed from the team that created and ran Vodafone's mobile payments service M-PESA. With I2S Iceni has created the world's first next generation mobile services and payments platform, building on the successes and know how shown in M-PESA but delivering on a new level of innovation: one which provides a single platform for the many mobile services each person may have, whilst delivering on the scalability, flexibility and operational efficiency required for a truly mass market solution. Icenioffers the I2S platform as a turn-key white label service which is then supported by fully managed technology and business operations.

From the foundation of Plextek's early stage support Iceni has been able to successfully accelerate its vision, by securing an investment from the MIH Group (part of multinational media group Naspers Limited). MIH has provided series A and B funding, strategic management support and will assist Iceni in gaining access to the Naspers group's emerging market footprint.

Iceni is now rolling out its first two commercial deployments in Columbia and Bolivia. A further four deployments are also planned in the next six months.



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