The mobile phone revolutionizes the economics of financial services and payments to reach, capture and serve consumers by harnessing the 5+ billion people who own a mobile phone today. Whether to enhance the convenience of an existing consumer or tapping tomorrow’s wealth, the mobile phone is the leapfrogging channel to reach consumers.

Mobile financial services and payments are difficult to scale given the high barriers. Most mobile financial service solutions rely either on a mobile operator or rare technologies and therefore can only serve a limited portion of the population. Mistral Mobile eliminates these technical and business constraints to securing reach everyone.

Mistral Mobile’s mobile solutions are used by retail, issuing and acquiring banks and financial services companies. Mistral Mobile’s Money Mobility Suite™ is based decades of experience with mobile technologies and deep knowledge of financial services requirements. The Suite includes products for mobile banking, agent banking, mobile money and mobile POS. Mistral Mobile’s m-Aegis™ solution provides multi-factor binding for mobile applications requiring high-confidence device and subscriber integrity whether for payments, banking or critical non-financial environments.

Mistral Mobile was founded by former Nokia Mobile Financial Services leaders who believe in the power of combining financial services and mobility to alter the economics of retail banking and payments while having socio-economic benefits to societies and individuals around the world. Mistral Mobile is a privately held corporation with offices in New York City, USA, Oulu, Finland and Mumbai, India.


Ludwig Schulze


Ludwig has held executive roles in mobile and enterprise software companies and was a consultant with the Boston Consulting Group. Prior to founding Mistral Mobile, Ludwig was General Manager for Nokia’s Mobile Financial Services global business activities.

Ludwig holds a Bachelor of Arts from Brown University and a Masters of Business Administration from Columbia University.

Timo Tervo


Timo has long experience in all facets of mobile phone and server software development including security, scalability, and stability. Prior to founding Mistral Mobile, he worked in Nokia’s Mobile Financial Services unit as a director of technology development.

Timo has MSc from University of Oulu, Finland.

Hyung-Gon Paul Yoo

Chief Commercial Officer

Paul has worked at HoganLovells and Cooley LLP covering the complete company life-cycle, starting with venture financings through to M&A and IPO exits, and has extensive experience in commercial, IP, regulatory and corporate legal matters. Prior to founding Mistral Mobile, Paul worked in Nokia’s Mobile Financial Services unit covering partnerships and commercial relationships as well as IP, regulatory and legal matters.

Paul has B.A. and M.A. from the University of Chicago and J.D. from Columbia Law School.