Octopus Ventures invests £1.9m in Semafone

The new funding will be used to boost business development, both in the UK and globally.

Semafone's services enable call centre callers to provide card payment details using the telephone keypad while speaking to call centre agents. The service is designed to eleminate the need to read out card details, reducing card fraud.

The company provides services to a number of blue chip companies, including John Lewis, Argos, Specsavers and Manchester Airport.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Gail Mwamba on +44 20 7 968 4505 or gail.mwamba@incisivemedia.com

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