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Mobile payment start-up Sequent Software secures funding

Sequent Software, a provider of NFC (near field communication) software and systems, announced it has completed a round of Series A venture funding. The financing was led by Opus Capital and SK Telecom Ventures. Opus Capital recently invested in mobile start-up PayFone. SK Telecom Ventures includes mobile payment company Billing Revolution in its investment portfolio.

Details of the funding were not disclosed in the announcement, but Bob Borchers, General Partner at Opus Capital, and Rob Trice, senior managing director of SK Telecom Ventures, will join the Sequent board.

"(Sequent CEO) Drew (Weinstein) and the Sequent team have created an amazing platform for making NFC implementations and transactions easy and compelling," Borchers said in the announcement. "We are excited to help Sequent grow into the global leader in NFC systems and services."

Sequent is headquartered in Redwood City, Calif.