What is Citcon?
Founded in 2015 and headquartered in San Jose, California, Citcon provides a comprehensive mobile payment and commerce solution. The platform is engineered to enable merchants to accept a wide array of QR-based mobile wallets, effectively streamlining the checkout experience for consumers while providing businesses with a unified gateway for digital transactions. By positioning itself at the intersection of retail and mobile technology, Citcon addresses the growing demand for frictionless, cross-border, and omnichannel payment capabilities in a globalized economy.
How much funding has Citcon raised?
Citcon has raised a total of $41.1M across 4 funding rounds:
Series A
$6M
Series B
$5M
Debt
$150K
Series C
$30M
Series A (2018): $6M with participation from TSVC
Series B (2019): $5M led by East West Bank
Debt (2020): $150K supported by PPP
Series C (2021): $30M featuring Norwest Venture Partners, Sonae IM, Sierra Ventures, and Cota Capital
Key Investors in Citcon
Sonae IM
Sonae IM is the technology investment arm of Sonae Group, focusing on retail and telecommunications technology, as well as cybersecurity, with a portfolio spanning early to growth-stage companies.
Sierra Ventures
Sierra Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups, specifically targeting enterprise software, infrastructure, and data/AI sectors.
Cota Capital
Cota Capital is an investment firm that focuses on early-stage technology companies, combining financial backing with deep operational expertise to support transformative enterprise solutions.
What's next for Citcon?
With the successful closure of this major strategic investment, Citcon is well-positioned to scale its enterprise-grade payment infrastructure. The company is expected to leverage this capital to deepen its market penetration, enhance its proprietary technology stack, and potentially explore new geographic markets where mobile wallet adoption is accelerating. As the digital payment landscape continues to evolve, Citcon's focus on interoperability and merchant-centric solutions will likely remain the cornerstone of its long-term growth strategy, ensuring it remains a vital link in the modern commerce value chain.
See full Citcon company page
