FUNDAMO, a mobile payments platform provider financial services initiative of Sanlam, has signed an equity deal with VenFin Ltd and Archway Venture Partners, to further the company’s ambition of establishing an interoperable, pervasive mobile payment platform. The investment funds will be used to refine the product architecture and local infrastructure in preparation for a South African launch and the international foray that will follow. Fundamo offers interoperability between mobile networks and banks. – Own Correspondent