iTech Capital Invests US$10 Million in Russia-based MFMSolutions (CEE and CIS)

Source: GoalEurope  |  Author(s): Natasha Starkell

Russia-focused venture capital firm iTech Capital has invested US$10 million in Russia-based SMS marketing technology company MFMSolutions. The company’s technology allows customers to send high volumes of text messages, up to 10,000 per second or 25 billion per month. Its clients include banks, insurance companies, online and offline retailers and government agencies.