Mobile Payment Platform Bango Closes $10.2M Funding Round, Eyes Emerging Markets

Mobile payment platform Bango is about to process a £6.5 million ($10.2 million) transaction of its own after announcing the closure of an investment round Friday featuring new and existing investors.

Mobile payment platform Bango is about to process a £6.5 million ($10.2 million) transaction of its own after announcing the closure of an investment round Friday featuring new and existing investors.

Bango said it expects the funding round to be completed following its shareholders’ meeting Feb. 25, adding that the money will be used to further development, particularly in emerging markets.

Last October, France Telecom’s Orange France mobile service provider rolled out its internet+ solution in partnership with Facebook and Bango, after which its mobile phone customers could enter their details once, allowing purchases to be completed with one click to choose the goods or services, and a second to confirm it.

The Orange France launch followed September’s announcement that its integration with Facebook — allowing the social network’s users in the U.S.,

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