Dynamics Raises $70 Million in New Funding

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Dynamics Raises $70 Million in New Funding

Interactive payment card and value-added system provider Dynamics has closed a $70 million Series C financing round led by new investors MasterCard and CIBC. Existing backers Bain Capital Ventures and Adams Capital Management also participated. Total funding received by Dynamics since 2011 is $110 million. Cards developed and manufactured by Dynamics contain 10 chips, a battery, and more than 100 electrical components that manage more than 40,000 lines of code. No other battery-operated interactive payment card on the market matches the technological sophistication. Dynamics has been develo...

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