Home › DMW Daily › January 30, 2007

Mobile Payments Provider Obopay Acquires "Social Money" Firm BillMonk

Authored by Mark Hefflinger on January 30, 2007 - 12:27pm.
Redwood City, Calif. - Obopay, a provider of mobile payment services, said on Tuesday that it has acquired BillMonk, a developer of "social money" services designed to help friends, roommates, family members and co-workers more easily share expenses.

Financial terms of the deal were not disclosed.

In connection with the acquisition, Seattle-based BillMonk said that it is introducing a new payment method that allows users to settle up instantly using Redwood City, Calif.-based Obopay's mobile payments service.

The companies said that they plan to unveil new features to both services in the months ahead.

Related Links:
http://biz.yahoo.com/prnews/070130/sftu129.html?.v=60
https://www.obopay.com
http://www.billmonk.com

Published in DMW Daily, January 30, 2007
tags: Deals | Mobile | Social Networking | Acquisitions | Obopay | BillMonk |

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