BOKU Receives $25M to Continue Building Market Leadership in Mobile Payments
DAG Ventures Leads Round with Benchmark Capital, Index Ventures, and Khosla Ventures to Continue the Expansion of BOKU’s Mobile Payments Services
SAN FRANCISCO--(BUSINESS WIRE)--BOKU, Inc., a leader in mobile payments, announced today that it has raised $25 million in series C capital led by DAG Ventures, Inc. with continued participation from Benchmark Capital, Index Ventures and Khosla Ventures. This round of capital builds on the strong success and momentum BOKU has experienced in the last year and stands as a strong vote of confidence for the company’s future.
“This has been an extremely successful year for BOKU, and this new round of funding signals an even stronger future,” said Mark Britto, CEO of BOKU, Inc. “Just last month we announced 12 new partnerships with some of the top online game developers in the world, all of whom recognized the value BOKU adds to their businesses and customers, and all have seen increased revenue since partnering with BOKU. Every day we are growing and adding new partners, and with the continued support of our investors, we will continue to establish BOKU as the standard in mobile payments.”
“BOKU is an outstanding investment opportunity, especially considering the widespread use of more than 4 billion mobile phones worldwide, and their potential as a payment method for online transactions,” said Nick Pianim, Managing Director, DAG Ventures. “We looked at companies in this space and invested in BOKU because they are establishing themselves as the leader in the space with a remarkable team, broad merchant and carrier coverage, and a seamless system for processing transactions via mobile.”
BOKU, which launched in June 2009, has seen tremendous growth in the last year. Over this brief time period the company has developed mobile payment processing relationships with over 1,000 game and application developers, including almost all of the top applications for virtual goods and currencies purchased on Facebook. BOKU’s mobile payment service, Paymo, is enabled across 190 carriers worldwide in 58 countries, and reaches a potential 1.8 billion customers.
Useful Links:
BOKU Website: http://www.BOKU.com
Paymo Website: http://www.paymo.com
Watch a demo of BOKU in action: http://bit.ly/2CEUoE
BOKU blog: http://blog.BOKU.com/
Media Kit: http://www.BOKU.com/press/media/
About BOKU:
BOKU is creating the standard for online payments using your mobile phone, making it easy to pay for digital goods and social experiences across the web. With a strong focus on reliability and security, BOKU's goal is to bring bank-grade payments technology and mobile users together on the web, creating a trusted, viable and accessible market for consumers, publishers and carriers alike. Based in San Francisco with offices in Europe, Asia and Latin America, BOKU reaches over 1.8 billion consumers worldwide, and is funded by leading entrepreneurs and venture capitalists Benchmark Capital, DAG Ventures, Index Ventures and Khosla Ventures. For more information, please visit BOKU.com.
BOKU, Paymo and Pay by Mobile are registered trademarks or trademarks of BOKU, Inc., and/or its subsidiaries. All other brand names, product names, or trademarks belong to their respective holders. BOKU reserves the right to alter product offerings and specifications at any time without notice.
