FAMOCO

About The Fund

FAMOCO specializes in providing NFC-enabled devices, operating on a secure and tailor-made version of Android, to various businesses. Their innovative solutions target the acceleration of mass-market deployment of both B2C and B2B services involving contactless card and NFC phone technologies. FAMOCO has designed a professional device that serves as a B2B-oriented smartphone intended for the deployment of business applications. This offering benefits individual customers, banks, and retailers by providing an Android operating system coupled with a management suite for centralized, over-the-air device management. Their suite allows clients to manage devices remotely in a secure and seamless manner across large scales. The devices cater to applications such as accepting contactless payments, enrolling customers, tracking shipments, and scanning transport tickets. With a robust, business-centric version of AOSP (Android Open Source Project), which they have named Famoco OS, FAMOCO emphasizes enhanced privacy and data protection for their clients. The firm also offers a product called Multipay, which simplifies the process of accepting mobile payments and loyalty solutions through an end-to-end solution, all from a single device. Based in Paris, France and with additional offices in Schaerbeek, Belgium, and Hong Kong, China, FAMOCO serves a plethora of industries including payment, field workforce, urban mobility, and identity control. Their product line includes handheld devices, ruggedized devices, biometric devices, ticket validators, and other mobile device management solutions. Founded in 2010, the company has gained the trust of Fortune 500 companies and small businesses alike, as it provides plug-and-play devices that can be remotely controlled and managed from one SaaS platform. FAMOCO positions itself as a leader in secure and scalable Android device management that empowers businesses to perform more efficiently and securely in their field operations.