DealTracker – Obopay Raises $20 Million In Fourth Round
Mobile payment company, Obopay, has just announced the closing of its $20 million fourth round of venture funding. Essar Communications Holdings Limited, the telecom subsidiary of Essar Global Limited, led the round and current investors, including Alliance Bernstein, ONSET Ventures, Redpoint Ventures, Richmond Management, Citi, Societe Generale, Qualcomm, and Promethean India participated.
“This round of investment builds on Obopay’s proven success in the mobile payments market,” explained Carol Realini, CEO of Obopay. “With our continuing focus on delivering services built on specific feedback from consumers, such as the ability to send money from and receive money to any US bank account, the success of our partnerships and our international expansion, we remain confident in the viability of the American – and global – mobile payments market.”
Obopay had raised around $48 million in its first three rounds.
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Filed under: Deal Tracker, Mobile
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