Company:Boku, Inc.

From HandWiki
Short description: American mobile payments company
Boku
TypePublic
Template:AIM
IndustryPayment service provider
Founded2009; 15 years ago (2009)
Founder
  • Mark Britto
  • Ron Hirson
  • Erich Ringewald
  • Javier Martell
Headquarters
San Francisco, California
,
U.S.
Areas served
Worldwide
Key people
  • Jon Prideaux (CEO)
  • Adam Lee (CRO)
  • Keith Butcher (CFO)
  • Chris Newton-Smith (COO)
Websitewww.boku.com

Boku, Inc. is a mobile payments company that allows businesses to collect online payments through both carrier billing and mobile wallets, and is headquartered in San Francisco , California. Boku utilizes mobile network operator (carrier) data to enhance the security and user experience for consumers online. Boku offers its customers more than 330+ mobile payment types in over 90 countries globally, offering a bank-grade payment system.[1]

In 2020, Boku processed over one billion billable transactions and processed over $7 billion in payments volume.

History

Boku was founded in 2009 by Mark Britto, Erich Ringewald and Ron Hirson using the combined assets of Mobillcash and Paymo. Boku raised a $13 million Series A investment from Khosla Ventures, Index Ventures and Benchmark.[2][3]

A year later, in 2010 Boku raised an additional US$25 million Series C investment, led by DAG Ventures.[4]

In 2012, Boku raised another US$35 million, Series C investment led by NEA and existing venture capital investors.[5]

In 2016, Boku again raised an additional US$13.75 million led by a consortium of UK investors along with GMO Payment Gateway.[6][7]

In total, Boku has raised more than $91M in venture capital funding from Benchmark Capital, Index Ventures, Khosla Ventures, DAG Ventures, Andreessen Horowitz, New Enterprise Associates, Telefónica, and GMO Payment Gateway.

On November 20, 2017, Boku listed its shares on the London Stock Exchange (AIM) through £125 million initial public offering.[8]

Expansion

In 2012, Boku launched mobile wallet payments with GCash in the Philippines.[9]

In 2013, Boku announced the acquisition of Qubecell, India's largest aggregator in carrier billing to grow India as its engineering and technology hub.[10]

In 2014, Boku launched mobile payments for the Sony PlayStation Store, and acquired German-based carrier billing provider Mopay.[11][12]

Boku acquired Mobileview, giving the company access to all four major mobile operators in Italy.[13][14] In 2017 Boku exceeded $1B in annual payment volume for the first time.[15]

In 2018, Boku acquired Danal to add mobile authentication services that secure consumer accounts and transactions[16]

In 2020, Boku acquired Fortumo, the second largest carrier billing company and recorded revenues of $54.6 million.[17]

More from Boku : https://www.boku.com/resources/news/

Partnerships

Boku's payments customers include Apple Inc., Google, Sony, Microsoft, Facebook, Tencent, Spotify, Electronic Arts, DAZN and Riot Games amongst others.[citation needed] Payments partners include mobile operators Vodafone, Verizon, Jio, Deutsche Telekom, Telefónica, Saudi Telecom (STC), SK Telecom, Zong and mobile wallet providers LINE Pay, KakaoPay, RabbitLinePay, GCash, GoPay, OVO, Dana, GrabPay.[18]

Products and services

Boku provides businesses with the ability to accept mobile payments (direct carrier billing and mobile wallets) online from consumers.[19] Boku also offers a subscription bundling product, named Trident, that enables subscription services to be offered to consumers through a mobile network operator. Consumers may receive the service for free during a trial period until they are billed by the mobile operator.[20] Additionally, Boku offers mobile identity products that utilize mobile network operator data in order for consumers to verify their identity in order to complete transactions online.[21]

Recognition and awards

In 2011, Mobile Trax awarded Boku their Mobility Award.[22] In 2011[23] and 2013, Forbes selected Boku for their 25 most promising companies in America list.[24]

In 2014, Boku won the "Best Alternative Payments" award at 2014 Payment Awards[25]

In 2020, Boku won the "Future Digital Awards" for Best Mobile Money Offering and Fraud Detection and Prevention Innovation.[26]

See also

External links

References

  1. ↑ "Boku, Digi to launch mobile identity services for fraud protection in Malaysia" (in en). https://thepaypers.com/digital-identity-security-online-fraud/boku-digi-to-launch-mobile-identity-services-for-fraud-protection-in-malaysia--1245176. 
  2. ↑ James Quintana Pearce (16 June 2009). "Boku Raises $13 Million To Buy Paymo And Mobillcash; Launches Mobile Payment Service". Gigaom. https://gigaom.com/2009/06/16/419-boku-raises-13-million-buys-paymo-mobillcash-launches-mobile-payment-se/. 
  3. ↑ Chapman, Lizette (2013-11-22). "Mobile-Payments Co. Boku Gets Indian Carriers With Qubecell Acquisition" (in en-US). Wall Street Journal. ISSN 0099-9660. https://blogs.wsj.com/venturecapital/2013/11/21/mobile-payments-co-boku-gets-indian-carriers-with-qubecell-acquisition/. 
  4. ↑ Peter Kafka (19 January 2010). "Another Big Bet on Mobile Payments: Boku Raises $25 Million". All Things Digital. http://allthingsd.com/20100119/another-big-bet-on-mobile-payments-boku-raises-25-million/. 
  5. ↑ Ingrid Lunden (15 March 2012). "Mobile Payment Startup BOKU Raises A $35M Round. NEA, Telefonica Among The Investors". Techcrunch. https://techcrunch.com/2012/03/15/mobile-payments-boku-35m-nea-telefonic/. 
  6. ↑ Mannes, John. "Boku locks down another $13.75M to fund carrier connections for global expansion" (in en). TechCrunch. https://techcrunch.com/2016/09/01/boku-locks-down-another-13-75m-to-fund-carrier-connections-for-global-expansion/. 
  7. ↑ Gedalyah Reback (September 2016). "Direct carrier payments get a boost as startup Boku scores $13.75 million funding round". Geektime. http://www.geektime.com/2016/09/01/direct-carrier-payments-get-a-boost-as-startup-boku-scores-13-75-million-funding-round/. 
  8. ↑ Joshua Warner (20 November 2017). "DIRECT CARRIER BILLING FIRM BOKU JOINS AIM VALUED AT GBP125 MILLION (ALLIPO)". Alliance News Limited. http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1511174832848583500.html/. 
  9. ↑ "GCash Now Works Anywhere Thanks To BOKU Partnership With Globe Telecom" (in en-US). https://www.adweek.com/performance-marketing/boku-globe-telcom/. 
  10. ↑ Lizette Chapman (21 November 2013). "Mobile-Payments Co. Boku Gets Indian Carriers With Qubecell Acquisition". WSJ. https://blogs.wsj.com/venturecapital/2013/11/21/mobile-payments-co-boku-gets-indian-carriers-with-qubecell-acquisition/. 
  11. ↑ "Boku launches direct carrier billing on Sony's PS4" (in en). https://www.telecompaper.com/news/boku-launches-direct-carrier-billing-on-sonys-ps4--1018677. 
  12. ↑ Ary Levy (October 2014). "No slowdown in payments as Boku buys mopay". CNBC. https://www.cnbc.com/2014/10/06/no-slowdown-in-payments-as-boku-buys-mopay.html. 
  13. ↑ "Boku acquires Italian mobile payment provider" (in en). www.mobilepaymentstoday.com. 2015-08-13. https://www.mobilepaymentstoday.com/news/boku-acquires-italian-mobile-payment-provider/. 
  14. ↑ Tech Team (18 August 2014). "Mobile Payment Startup Boku Acquires Mobileview Italia to Expand Carrier-Billing in Europe". The Fast Mode. https://www.thefastmode.com/solution-vendors-ma/5733-mobile-payment-startup-boku-acquires-mobileview-italia-to-expand-carrier-billing-in-europe. 
  15. ↑ "History & Development" (in en-GB). https://www.boku.com/investor-relations/history-development/. 
  16. ↑ "Mobile payment co. Boku acquires Danal for up to $68M to add user authentication" (in en-US). 6 December 2018. https://social.techcrunch.com/2018/12/06/mobile-payment-co-boku-acquires-danal-for-up-to-68m-to-add-in-user-authentication/. 
  17. ↑ "Mobile payments outfit Boku to buy Fortumo" (in en). 2020-06-17. https://www.finextra.com/pressarticle/82951/mobile-payments-outfit-boku-to-buy-fortumo. 
  18. ↑ Justin Llewellyn (11 April 2016). "Xsolla & Boku: Gateway to Drive Mobile Business". Xsolla Blog. http://blog.xsolla.com/2016/04/11/xsolla-boku-gateway-to-drive-mobile-business. 
  19. ↑ Boku Buys ID Authentication Co. Danal For $68M, PYMNTS.com; https://www.pymnts.com/news/partnerships-acquisitions/2018/mobile-payments-boku-danal-merger-stocks/
  20. ↑ Paul Sawers (26 February 2015). "Boku launches 'phone-on-file' carrier billing to replace credit cards with phone numbers". Venturebeat. https://venturebeat.com/2015/02/26/boku-launches-phone-on-file-technology-to-replace-your-credit-card-with-your-mobile-number/. 
  21. ↑ press release (29 April 2016). "Spotify enlists Boku for carrier billing in Germany and Italy". Finextra. https://www.finextra.com/pressarticle/64246/spotify-enlists-boku-for-carrier-billing-in-germany-and-italy. 
  22. ↑ Admin (25 March 2011). "Boku Wins the 2011 Mobility Award for Mobile Commerce". Boku Blog. http://www.boku.com/boku-wins-the-2011-mobility-award-for-mobile-commerce/. 
  23. ↑ Brett Nelson, J.J. Colao and Max Mallet (30 November 2011). "Americas Most Promising Companies". Forbes. https://www.forbes.com/lists/2011/28/most-promising-companies-11_rank.html. 
  24. ↑ Brett Nelson, J.J. Colao and Max Mallet (February 2013). "Americas Most Promising Companies". Forbes. https://www.forbes.com/companies/boku/. 
  25. ↑ Scott Thompson (21 November 2014). "2014 Payments Awards: winners announced". Retail Systems. http://www.retail-systems.com/rs/2014_Payments_Awards_Winners.php. 
  26. ↑ Inc, Boku (2020-10-01). "Juniper Research Recognizes Boku with two 'Future Digital Awards'" (in en). https://www.globenewswire.com/en/news-release/2020/10/01/2102341/0/en/Juniper-Research-Recognizes-Boku-with-two-Future-Digital-Awards.html. 



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Boku,_Inc.&oldid=3477116"