“We can create mobile banking apps for credit unions that truly are better than what the big banks are issuing. That’s our promise,” said Robb Gaynor co-founder and chief product officer at Malauzai, an Austin, Tex.-based developer of mobile tools for community-based financial institutions.

The occasion was an announcement that Malauzai, a word meaning “little monkey” in Cantonese and a childhood nickname of co-founder Tom Shen, had closed another round of venture capital fundraising. This round added $2.3 million to the company coffers, but, stressed Gaynor, “we are constantly raising money, so we can develop better apps.”

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