Mozido, a provider of mobile financial, retail and marketing services, has announced a two-part round of Series B funding of up to $400 million. The first $185 million has been funded by MasterCard, Wellington Management, H.R.H. Sheikh Nahyan of UAE, and Julian H. Robertson, Jr., chairman and CEO at Tiger Management. A total of $265 million in capital has been raised by Mozido over the past 12 months, making Mozido the top-funded private mobile payments company, the company reports.

"Investing and partnering to innovate and accelerate the adoption of mobile payments and services globally is part of MasterCard's DNA," Gary Flood, President, Global Products and Solutions, MasterCard, said in a statement. "Mozido's strength in building versatile mobile financial and retail solutions that can be used around the globe and across borders makes them a perfect partner for MasterCard's prepaid card, payment and security services."

Mozido is using the Series B investment for strategic acquisitions to accelerate the growth of Mozido's ecosystems of financial, payment, and marketing mobile services around the world, according to the announcement. With nationwide mobile payment and marketing implementations in the Caribbean, Latin America, and the United States, the company said it is poised to use the strategic investment to further expand its global presence through additional acquisitions in China, India, Africa, Europe, Latin America and the Middle East.

"The race for long-term leadership in mobile payments will be won with interoperable services on a global scale," said Nick Adams, portfolio manager at Wellington Management Company, LLP. "We are proud to be part of the investment Mozido is using to maintain a leadership position."