Mozido, an Austin, Texas-based mobile payments and marketing software vendor, has received the first $30 million of a committed $70 million round of financing led by a Boston-based investment adviser with assets under management of more than $500 billion. Mozido said the funding will enable it to accelerate growth both organically and through strategic acquisitions.

The latest investment announcement brings Mozido's total funding to more than $100 million with participation from Brentwood Investments, TomorrowVentures, Atlanticus Corp. and Bob Turner of Turner Investments.

Separately, Ric Duques, former chairman and CEO of First Data Corp. until he led its acquisition by Kohlberg Kravis Roberts in 2007 for $29 billion, has become chairman of Mozido's board.

Founded by Michael Liberty, Mozido now has mobile payments operations in the U.S., Mexico, Central America, the Caribbean, the Middle East and Southeast Asia, with expansion into India and Africa coming soon.

"My vision for Mozido is to enable financial inclusion by delivering disruptively-priced financial, payment and marketing services through the convenience of mobile phones to the financially disenfranchised people of the world," Liberty said in a news release.

In November, Mozido announced an investment from Latin American businessman Adolfo Salume to implement a mobile ecosystem in El Salvador that will provide a range of marketing, retail and banking opportunities for unbanked and underbanked consumers.

Salume's investment and his local staff will help support adoption of Mozido's mobile applications. The company plans to provide users with services such as financial management through Constelacion Bank; loyalty programs; analytics-based offers, shopping and payment services in retail chains such as Mr. Donut; and mobile cash logistics automation, lending and marketing services with a leading consumer packaged goods distributor in El Salvador.

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