Fintiv Wire

Formerly Mozido - rebranded to Fintiv Says it invented the Trusted Services Manager for NFC tap-and-pay Wallet ecosystems reported across 35+ countries $185M Series B in 2014 - MasterCard, Wellington, Tiger Management Omni Wallet Ledger tracks fiat, crypto, loyalty and tokens Patent claims asserted against Apple Pay and PayPal Formerly Mozido - rebranded to Fintiv Says it invented the Trusted Services Manager for NFC tap-and-pay Wallet ecosystems reported across 35+ countries $185M Series B in 2014 - MasterCard, Wellington, Tiger Management Omni Wallet Ledger tracks fiat, crypto, loyalty and tokens Patent claims asserted against Apple Pay and PayPal

Austin, Texas · Fintech Infrastructure · Est. 2008

Fintiv

The wallet-infrastructure company formerly known as Mozido - quietly building the rails behind branded digital wallets in more than 35 countries.

White-Label Wallets TSM Pioneer Web2 → Web3 Tokenization Cross-Border

Fintiv, Inc. — the Austin fintech reborn from Mozido, photographed here as its wordmark. The name changed in 2019; the patent portfolio and telco customers did not.

The Story

The most-used wallet you have never heard of

Walk through the history of the mobile wallet and you keep bumping into a company whose name you probably do not recognize. Before Apple Pay put tap-and-pay on every phone screen, someone had to build the provisioning layer underneath - the system that securely loads a card onto a device over the air. Fintiv says that someone was Fintiv, back when it was called Mozido.

The company operates in the unglamorous middle of finance: it does not want its logo on your phone. It wants to be the reason your bank's or telecom's wallet works at all. That is the white-label model - rent the plumbing, keep your brand on top.

Founded in Austin around 2008, Mozido became one of the most-hyped mobile-payments startups of the 2010s, pulling in a $185 million Series B from MasterCard, Wellington Management, Tiger Management and a UAE sheikh. Then came a founder scandal, a strategy reset and, in 2019, a new name: Fintiv.

What survived the turbulence was the technology - a patent portfolio and a set of deployments that Fintiv is now repointing toward tokenization, digital assets and the move from Web2 payments to Web3.

Your bridge to the Digital Economy.Fintiv company tagline

What It Does

One stack, many branded wallets

Fintiv sells digital wallet ecosystems as infrastructure. A telco, bank or retailer plugs in the platform and launches a fully featured wallet under its own name - handling peer-to-peer transfers, merchant payments, stored value, card issuance, loyalty points and, increasingly, crypto and tokenized assets.

The company's customers are institutions, not consumers. It reports having licensed technology to 18 of the 20 leading telco wallet providers, whose networks reach more than 1.5 billion subscribers, and to have deployed 100-plus ecosystems across 35-plus countries.

The hard part of digital money is not moving it. It is counting it correctly across every form it takes - fiat, crypto, points, tokens.

The problems it solves

Brands want a wallet but cannot build secure payment rails from scratch.
Telcos need to serve unbanked and cross-border customers at scale.
Legacy payment systems do not speak to crypto, tokens or loyalty in one ledger.
Merchants want to accept everything from cash-in to crypto without stitching vendors together.

Who uses it

Mobile network operators and telcos
Banks and neo-banks
Retailers, brands and loyalty programs
Web3 and digital-asset platforms via subsidiary Cloud Payments

Products & Services

The toolkit behind the wallet

Core

Digital Wallet & P2P

White-label rails for real-time peer-to-peer transfers across borders, in both fiat and digital currency.

Merchants

Payment Acceptance

Accept fiat to crypto in-store and online, with routing and multi-currency settlement.

Engagement

Loyalty & Rewards

StickyStreet-powered points, redemptions and cross-brand rewards to lift customer lifetime value.

Issuing

Card Issuance

Physical and virtual card programs with account creation, ledgering and real-time management.

Web3

Asset Tokenization

1:1-backed equity tokens with real-time settlement and liquidity via integrated market makers.

Rails

Realtime Clearinghouse (rCH)

Cash-in and fiat on-ramps to banking through Visa, Mastercard and ACH.

Accounts

Stored Value (SVA)

Closed-loop wallet ecosystems for loading funds, P2P and merchant purchases.

Ledger

Omni Wallet Ledger (OWL)

Patented ledgering that unifies fiat, loyalty points, crypto and tokenized assets.

Heritage

Trusted Services Manager

The NFC provisioning system Fintiv says it invented, licensed to major global telcos.

Business Model & Money

How the numbers line up

Fintiv is a B2B / B2B2C infrastructure business. It licenses its wallet, ledger and TSM technology to institutions that deploy branded ecosystems to their own users, monetizing through platform licensing and transaction rails - and, historically, through patent enforcement.

That enforcement is its most public trait. Since 2018 Fintiv has asserted mobile-wallet patents against Apple's Apple Pay and Apple Wallet, a case notable enough that it produced the widely cited "Fintiv factors" used in US patent reviews. A separate suit against PayPal saw its patents invalidated between 2022 and 2025.

Money is not a moat. What endured from the Mozido era was not the raise - it was the patents and the deployments.

Reported Funding

Mozido / Fintiv, public reports

Series B (2014)$185M

Total raised$306.7M

Prior 12mo (2014)$265M

Series B investors: MasterCard · Wellington Management · Tiger Management (Julian Robertson) · H.R.H. Sheikh Nahyan bin Mubarak Al Nahyan

Where It Fits

Infrastructure, not the app on your screen

On the consumer side, the giants are Apple Pay, Google Pay and PayPal. Fintiv does not try to beat them at the front end - it competes a layer down, against secure-provisioning specialists like Thales/Gemalto and Giesecke+Devrient, telco-wallet vendors like Comviva, card-issuing platforms like Marqeta, and digital-asset infrastructure such as Fireblocks and Circle.

Its claimed edge is breadth on one ledger: fiat, crypto, loyalty and tokenized assets reconciled together, wrapped in a white-label package a brand can ship under its own name, backed by a long-held patent estate.

What makes it distinct

Claims to have invented the Trusted Services Manager standard
One ledger across fiat, crypto, points and tokens (OWL)
Deep telco relationships built over 15+ years
Web3 arm via subsidiary Cloud Payments and the Optio blockchain
A patent portfolio it actively licenses and litigates

Partnerships

The network around the rails

Cloud PaymentsWholly owned Web3 / embedded-finance subsidiary

ParlerPay2025 · payments on the Optio blockchain

Block Time Financial2024 · digital-asset tokenization

Ibanera2023 · fiat access for Web3 mobile payments

Geoswift2023 · digital remittances into Asia

MasterCardSeries B investor & payments partner

Timeline

From Mozido to Fintiv

'08

Mozido is founded

An Austin startup sets out to build mobile financial and marketing services.

'12

Mike Love joins the founding team

The veteran payments entrepreneur comes aboard, later becoming CEO.

'14

$185M Series B

MasterCard, Wellington, Tiger Management and Sheikh Nahyan back the top-funded private mobile-payments company.

'18

Patent litigation begins

The company asserts mobile-wallet patents against Apple Wallet and Apple Pay.

'19

Rebrand to Fintiv

Mozido changes its name and repositions around infrastructure and patent licensing.

'23

Web3 partnerships

Deals with Ibanera and Geoswift extend the wallet into Web3 payments and remittances.

'25

Optio blockchain & ongoing Apple case

Cloud Payments teams with ParlerPay as Apple pushes back on Fintiv's patent claims.

Leadership

Who runs Fintiv

CEO

Mike Love

Chief Executive Officer. A 40-year technology entrepreneur who joined the founding team in 2012; previously founded Cloud Payments and worked at First Data.

Chairman

David Hanna

Chairman and co-founder, with a background overseeing lending for millions of customers.

Team

Operators & builders

A veteran leadership bench spanning product, technology, legal and finance across the US, UK and Europe.

Mission, in the company's words: to democratize financial services through digital wallet ecosystems - carrying customers from Web2 fintech into Web3 DeFi systems on a single, patented platform.

FAQ

Common questions

What does Fintiv do?

Fintiv builds patented, white-label digital wallet ecosystems - covering P2P payments, merchant acceptance, card issuance, loyalty, stored value and tokenization - that telcos, banks and brands deploy under their own names.

Is Fintiv the same company as Mozido?

Yes. Fintiv, Inc. was formerly named Mozido and rebranded around 2019, keeping the same Austin base and patent portfolio.

Who runs Fintiv?

Mike (Michael R.) Love is CEO; David Hanna serves as chairman and co-founder. The leadership team is made up of long-time payments and fintech operators.

How much funding has Fintiv raised?

As Mozido it raised a $185M Series B in 2014 from MasterCard, Wellington Management, Tiger Management and Sheikh Nahyan; reported total funding is around $306.7M.

Why is Fintiv known for suing Apple?

Fintiv has asserted mobile-wallet patents against Apple's Apple Pay and Apple Wallet since 2018; the case also produced the widely cited "Fintiv factors" used in US patent reviews.