Boku nets USD35m for mobile payments

Looking to expand

Online mobile payments platform BOKU has raised USD35m from investors including New Enterprise AssociatesTelefonica Digital, and previous investor Andreessen Horowitz. Telefonica Digital, the digital arm of the global mobile network operator, is also entering into a partnership with the San Francisco-based company, to work on its own operator billing and plans for future mobile payment services. BOKU will use the funding to hire more staff and expand internationally. It will also develop a new system for processing mobile payments offline.

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