• FOUNDING YEAR: 2005
    LOCATION:
    India
    REGION:
    CA
    Last Update:
    27 Jun, 2019
    Phone:
    +1 650-264-2000

Description

FOCUS

PRODUCTS & SERVICES:
Mobile app to make purchase, pay and transfer money The core services are digital wallet,airtime topup,biller/merchant payments,P2P,international remittance and saving accounts.
REVENUE MODEL:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
Essar, Union Bank of India, and Societe Generale
COMMENT
Obopay offers businesses a unique, integrated processing platform that is capable of linking multiple participants into a transaction network

PEOPLE

FOUNDERS:
John Tumminaro
Board Members and Advisors:
Penina Mezei
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Societe Generale, Richmond Management, Richmond Global, Redpoint Ventures, Qualcomm Ventures, Qualcomm Incorporated, Promethean, ONSET Ventures, Olayan, Nokia, Essar Communications Holdings, Citigroup, AllianceBernstein

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$145 Million
DATE OF LAST FUNDING:
Oct 2017
SEED & PRIOR FUNDING:
$8.8 Millions
SEED CLOSED ON:
Jul 2011
FUNDING SERIES:
SERIES A
$10 Million Closed: Mar 2006
SERIES B
$7 Millions Closed: Sep 2006
SERIES C
$29 Millions Closed: Jul 2007
SERIES D
$20 Millions Closed: Apr 2008
SERIES E
$70 Millions Closed: Mar 2009
LISTED:
NO
COMMENT:
Debt Financing: $10 M (October 2017)

LATEST RESEARCH