Obopay gets additional $20 million to rule the mobile payments world
By Dusan Belic on Monday, April 28th, 2008 at 2:59 AM PST In Announcements, Services
Obopay, the mobile payments provider which we already covered in the past, has announced the closing of its $20 million fourth round of venture funding and the addition of two new board members.
“This round of investment builds on Obopay’s proven success in the mobile payments market,” explained Carol Realini, CEO of Obopay. “With our continuing focus on delivering services built on specific feedback from consumers, such as the ability to send money from and receive money to any US bank account, the success of our partnerships and our international expansion, we remain confident in the viability of the American — and global — mobile payments market.”
Essar Communications Holdings Limited led the round and current investors — including Alliance Bernstein, ONSET Ventures, Redpoint Ventures, Richmond Management, Citi, Societe Generale, Qualcomm (NSDQ: QCOM), and Promethean India — also participated.
As for the new board of directors members, there are Essar Global Limited’s Senior VP – K B Rajendran, and Olayan America Corporation’s Senior VP for Public Equity – Robert G. Hottensen, Jr.
