Redwood City,
Calif. - Obopay, a provider of
mobile payments technology, has raised $20 million in its fourth round of
funding, GigaOM reported.
While investors were not named, CEO Carol Realini
told GigaOM that she and other executives contributed to the round via their
Obopay mobile accounts.
Founded in 2005, Redwood City,
Calif.-based Obopay allows users to transfer money between their bank accounts
and mobile payment accounts, enabling them to complete transactions using their
mobile phones.
The company competes in the space with PayPal's mobile service,
as well as KushCash and TextPayMe.com.
Obopay has previously raised a total of
$48 million.
Related Links:
http://gigaom.com/2008/04/17/obopay-gets-20m-to-send-money-via-mobiles/
http://www.obopay.com
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