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
CollegeWikis bags $2M to make old-fashioned email groups a thing of the past
Every college student’s inbox has at one time been flooded with group emails from classes, dorms, clubs and more. Student-founded startup CollegeWikis, which just received $2 million in funding, hopes to retire this system, and make more information accessible to more students at the same time.
Any college student with an .edu email address can sign up for the service, join the groups that interest them and post group-specific updates that other members can view on… Continue Reading