Mobile Payments Startup Boku Emerges from Stealth Mode and Acquires Both Mobillcash and Paymo
Boku, a mobile payments startup that has been operating in stealth mode for the past four months, is making two major announcements this morning: It has raised $13 million from venture capital firms Benchmark Capital, Index Ventures, and Khosla Ventures, and has acquired Mobillcash and Paymo, two of the leading global mobile payments companies.
This is big news in the mobile payments space. Through its acquisitions of Mobillcash and Paymo – two companies active in monetizing Facebook applications and social games – Boku instantly becomes one of the largest players in the space, with 170 carriers on board at launch across 53 countries reaching a potential 1.6
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