Reuters: Deals: Telefonica invests in mobile payments firm Boku

Reuters: Deals Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Telefonica invests in mobile payments firm Boku Mar 15th 2012, 11:33 By Alistair Barr SAN FRANCISCO | Thu Mar 15, 2012 7:33am EDT SAN FRANCISCO (Reuters) - Telefonica SA (TEF.MC), Spain's largest phone company, is investing in Boku to help the mobile payments start-up expand. Telefonica Digital, the growth arm of the telecommunications giant, is participating in a $35 million funding round for Boku that also includes venture capital firms New Enterprise Associates, Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures and Khosla Ventures, Boku said on Thursday. Boku, which started in 2008, has raised $75 million so far and operates in 67 countries through 250 mobile network operators. "Payments are going mobile and we want to be at the forefront of this trend," said Matthew Key, chairman and chief executive of Telefonica Digital. "In addition to the investment, we are also embarking on a global partnership with Boku to enhance our operator billing capabilities and the overall payment experience through our future mobile wallet services," Key added. (Reporting By Alistair Barr; Editing by Steve Orlofsky) Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions