The company has appointed former Comverse CP Amit Mattatia as CEO.
Payment technology start-up Trivnet Ltd. has raised $6 million in its fourth financing round. The company's Israeli investors participated in this round: Magma Venture Partners, Stage One Ventures, Star Ventures, and Veritas Venture Partners fund Millennium Capital Ltd. The company has raised $35.5 million altogether, including this round.
Trivnet was founded more than a decade ago, and has undergone a number of incarnations. The company is developing products that enabled communications providers to offer advanced payment and money transfer services to subscribers, including the purchase of goods and services (m-commerce).
Trivnet's target market is advanced services that both cellular and wireline operators want as new sources of revenue.
The company also announced the appointment of former Comverse CP Amit Mattatia as CEO.
Published by Globes [online], Israel business news - www.globes-online.com - on February 18, 2008
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