Boku has landed $13.75 million in further venture funding to expand carrier billing across numerous carrier connections in developed and emerging markets around the globe. Boku continues to grow in emerging economies, while simultaneously executing a strategy to penetrate and grow in developed markets.
Several of Boku’s existing venture investors from Silicon Valley have followed on with their investments in Boku, including Khosla Ventures, Benchmark Capital, NEA, Index Ventures and DAG Ventures, in addition to other new and existing investors in the UK, US and Asia.
This new portion of venture funding, which was oversubscribed from Boku’s initial financing plans, brings the total amount Boku has raised to $91 million since its founding in 2009.
The funding will allow Boku to build and activate new waves of carrier connections across the globe, providing millions of new cell phone subscribers to fuel Boku’s growth. Historically carrier billing was viewed as the preferred payment method for consumers in emerging markets; those with little or no access to credit cards or bankcards to participate in ecommerce.
Recently, Boku has seen explosive growth in developed markets through partnerships with premier merchants and carriers making carrier billing the preferred alternative payment option for both developed and emerging economies.
Boku is the world’s largest direct carrier billing mobile payments company, integrated with hundreds of mobile operators all over the world. Its bank-grade payments technology allows consumers to charge purchases to their mobile phone bill. Boku partners with global merchants including Facebook, Sony, Microsoft, Spotify, Riot Games, and many more. Based in San Francisco with offices in Europe, Latin America, and Asia, Boku is funded by leading Silicon Valley entrepreneurs and venture capitalists including Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures, and NEA.
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