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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, 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.
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
