Obopay Secures $20 Million in Fourth Round of Funding
April 24th, 2008
We officially announced that we raised another $20 million worth of funding earlier today.
“Obopay, Inc., the pioneering service provider for payments via mobile phones, recently announced closing of its fourth round of venture funding, raising $20 million, and the addition of two new board members. This latest round of investment builds on Obopay’s enormous momentum in its business and high-profile partnerships.
‘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, the telecom subsidiary of Essar Global Limited, led the round and current investors, including Alliance Bernstein, ONSET Ventures, Redpoint Ventures, Richmond Management and Richmond Global Cellular, Citi, Societe Generale, Qualcomm, and Promethean participated. New investors included Essar Communications Holdings Limited and Olayan America Corporation, a global investment office of The Olayan Group.”
You can read the rest of the press release here.
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