United Arab Emirates; September 22, 2015 – FAMOCO the French specialist of Android NFC readers just raised $4,5 millions and now aims at conquering the Middle Eastern market. The GITEX show, the 3rd largest technology event on the planet, is an opportunity for FAMOCO to meet its clients and gain prominence in the Middle East. FAMOCO exhibits at this event from the 18th to the 22nd of October 2015.
As one of the NFC champions in France, Asia and Africa, FAMOCO provides the first secure, flexible and remotely managed Android NFC reader to address the B2B market. This device called FX100 is entirely managed over-the-air via the FAMOCO Management Suite, a dedicated platform. In order to ensure a maximum security and to avoid data loss devices are equipped with a special SAM (Secure Access Module) slot.
The FX100 can be adapted to several use cases within a given company and on different markets, especially in the sector of transportation, cashless payment, loyalty programs, business process management and attendance tracking.
For the first time FAMOCO decided to exhibit at the GITEX show in Dubai. It’s an opportunity to meet representatives of the sector face-to-face, to strengthen already existing business relationships and to meet new promising prospects. The Middle East represents a huge market and Dubai is indeed at the crossroads between countries FAMOCO wants to expand into: Oman, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and Pakistan. The GITEX is a good way to think of new use cases that are adapted to companies’ day-to-day issues and to develop appropriate solutions.
As a reminder, in July FAMOCO was proud to officially announce its $4.5 millions fundraising. FAMOCO will allocate a significant portion of its funding to R&D but also to international expansion, particularly in emerging countries and on the US market in the medium term. The objective is to assert its position as leader of the contactless sector.