US-based online and mobile payments service
provider Boku has received a $35m capital injection from Telefónica
Digital, New Enterprise Associates (NEA), Andreessen Horowitz,
Benchmark Capital, DAG Ventures, Index Ventures and Khosla Ventures
to grow its business abroad.
Telefónica is the main investor and will
access Boku’s merchant network to expand its mobile wallet
offering.
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Telefónica Digital’s CEO Matthew Key said:
“Working with Boku will allow us to both
enhance our operator billing capabilities and the overall payment
experience through our future mobile wallet services.”
Mark Britto, CEO of Boku said:
“Payments is an industry that requires scale,
and in the three years since Boku launched, we’ve grown rapidly to
partner with more than 250 mobile network operators, processing
transactions in 67 countries around the world. We see this
investment as a clear vote of confidence from our new partners at
NEA and Telefonica. They recognize that we’ve established a
mobile billing system that offers bank grade technology on a global
scale; this strategic investment will help us expand our business
as well as facilitate the growth of our new BOKU Accounts
platform.”
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