Obopay scores $70M from Nokia for mobile payments
Obopay, provider of a mobile service that lets people transfer money to one another through text messages, just received an investment from Nokia, estimated at $70 million. [Update: It turns out that not all of this money came from Nokia, as most people reported. There were other undisclosed investors involved. TechCrunch suggests that several of Obopay's old-faithful firms also chipped in, including Qualcomm, Redpoint Ventures, Onset Ventures and Richmond Management, but nothing has been confirmed.]… Continue Reading
Obopay takes $20M for mobile payment software
Obopay, a Redwood City, Calif. company that gives people a way to send money through their mobile phones or over the web, has taken a $20 million round, according to GigaOm.
While Obopay competes with PayPal, as well as some other, smaller startups, there’s evidence that it may be successful; most compellingly, the company has scored a partnership with Citi, one of the nation’s biggest banks, as well as several cellular providers.
The $20 million round isn’t… Continue Reading
Obopay adds $29M to warchest, amid competition in mobile payments
Obopay, the Redwood City, Calif. company that lets you send payments to people from a mobile phone, has raised $29 million more in a third round of funding.
The service launched last year, and it’s not clear how much traction it has. The funding announcement was made quietly, after the fact (see wording), quite low-key given the intense competition the company is facing in mobile payments. There are at least eight other players, ranging from… Continue Reading
Roundup: Bombs, don’t do Delaware, MySQL IPO & more
The latest Silicon Valley round-up:
Correlation between bomb building and entrepreneurship? — Former PayPal chief executive Peter Thiel reportedly says four of six founders of the online payment service built bombs while in high school. Meanwhile, Silicon Valley venture capitalist Steve Jurvetson designs rockets.
MyYearbook.com, a social networking site for teens, raises $4.1M – The site looks like a Facebook knock-off. It raised the first round of finance from U.S. Venture Partners (USVP) and First Round Capital. The… Continue Reading