9 years ago

Boku Secures $13.75 Million to Expand Global Mobile Payment Services

  • Boku, a global mobile payments company, has raised $13.75 million in a funding round led by a consortium of UK investors

  • The company previously raised $77.25 million from Khosla Ventures, New Enterprise Associates, Index Ventures, Benchmark, and Andreessen Horowitz

  • Boku enables mobile payments to be powered by carrier billing, rather than traditional credit cards and bank accounts

  • The company's largest markets include the U.K., Germany, Japan, and Taiwan.

      • ProblemTechnology

      "Making mobile payments more convenient and secure for users, especially in markets where credit cards are not widely used."

      Solution

      "Providing a carrier billing system that allows users to charge purchases directly to their mobile phone bill. This eliminates the need for credit cards and bank accounts, making it easier for users to purchase digital content and services."

      Covered on