Powa Technologies, and E-commerce and mobile payments firm, has attracted $76 million in an initial investment round, as well as announcing plans to move beyond the mobile point-of-sale (MPoS) market using a more ambitious platform.

Powa Technologies, Ltd started as part of Venda, the world's largest shared eCommerce platform provider. The main objective in building the Powa platform was to provide the capability for an agile multi-site eCommerce environment.

By enabling the rapid deployment of tactical, distributed online shops, Powa is able to provide our clients with a robust online merchandising capability. This distributed environment of expansion eCommerce sites mirrored the changing nature of search engine ranking algorithms, which reflected a strategy on the part of the global search engines towards a country-by-country weighting structure.