Mobile money management app provider Lemon, announced it has secured $8 million in Series A capital investment to fuel the launch and future expansion of its new Smarter Wallet, a new twist on the traditional wallet concept.
“This initial funding and the launch of the Smarter Wallet are major milestones in furthering our vision for Lemon as a trusted mobile money management solution,” said Lemon Founder and CEO Wences Casares. “This powerful new wallet framework, combined with our transaction management tools, empower users to take total control over their finances with a fresh new perspective.”
To get started, users get their wallet and use any smartphone to snap a photo of each item -- including debit, credit, loyalty and healthcare cards, ID cards, as well as receipts, tickets and coupons. Once saved to their Lemon account, the data is accessible from anywhere using a unique four-digit PIN, which secures the data against hackers and thieves, if the mobile device is ever lost or stolen.