The Card 2.0 products, which were developed to make credit and debit cards both simpler and more secure, are currently being tested by large consumer banks such as Citi.
The futuristic cards have embedded buttons and graphic displays, yet they’re as thin and flexible as a normal credit card.
In addition to using the new funding -- a $35 million Series B led by Bain Capital Ventures -- to fuel growth, the startup will also use the money to develop new next-gen credit and debit card products. Keep an eye on this company for battery-powered contact chip cards, battery-powered RFID contactless cards, and phone-based payment systems.
As Dynamics CEO Jeff Mullen stated in a release, "This is just the beginning. We will continue to introduce exciting new payments products that we’ve been refining in our labs over the last few years."
The company launched at startup conference DEMO Fall in 2010, where it won both the first prize and the $1M people's choice award.
Card 2.0 also won Best of Show at FinovateFall 2010 and Best in Show at CES 2011 for Personal Electronics.