Zumigo Corp., a company that works with mobile device location and identity verification, today announced it has closed $6 million in Series B financing led by new investor Intel Capital, according to a press release. Existing investors including Aligned Partners also participated in the round.  

Zumigo said in the announcement the funding will be used to expand business operations as the company accelerates new product development and customer rollouts to meet growing global demand, including investments in sales and marketing.

"In an increasingly connected world, mobile, cloud, security, location and commerce are fundamental to any services strategy," Hank Skorny, vice president and general manager of Intel Services, said in a statement. "With their best-in-class commerce fraud solution, we see Zumigo as a leader in this space."

Zumigo said in the announcement it has been working with major financial institutions worldwide to enable and secure payment transactions and help retailers and consumers prevent fraud. Today's announcement follows this week's news that Wells Fargo has also invested in Zumigo, and Zumigo is one of the inaugural members of the Wells Fargo Startup Accelerator, a new program for innovators whose technology ideas in payments, deposits, fraud, operations and other fields could shape future customer experiences in financial services.

"We are seeing a plethora of new security, financial and other applications that will utilize Zumigo's products," Zumigo founder and CEO Chirag Bakshi said in the announcement. "This new financing validates our direction and success, and will accelerate growth in our core business of providing mobile location and identity products to financial organizations and enterprises alike."