BOKU is excited to announce a new round of funding and the launch of Paymo!

Jan 19, 2010

Today is a great day for BOKU, and we’re excited to share our announcements with the everyone. The first piece of news to share is a new round of funding for BOKU. We received $25 million in a round led by DAG Ventures with participation from Benchmark Capital, Khosla Ventures, and Index Ventures. We’ll use the funding to expand into new markets, add redundancy to our systems, and continue to refine and improve our security and fraud prevention systems. We’re incredibly pleased and flattered by this vote of confidence from our investors – it’s both gratifying and a great way to start 2010.

Our second big piece of news is the introduction of our consumer-facing brand, Paymo. While we love the BOKU brand, after exhaustive and global testing we’ve determined that Paymo is a universally understandable brand, irrespective of culture, language, or background that resonates with consumers. So the Paymo brand is what customers will see when they checkout online using their mobile phones.

We’ve had a whirlwind experience as a company with a lot of exciting activity since our launch in June 2009 (only seven months ago!) Today is another thrilling milestone in an exciting tenure as a growing, active company.

We’ve also received a warm reception from bloggers, writers, and pundits in the online and traditional press, who have been spreading the word today. The list of who covered our news is below, and we’ll keep adding to it as we see more stories come out.

Thanks to our customers, our partners, and our investors for all your support and confidence. 2010 is going to be an exciting year!
-The BOKU Team

•    All Things D
•    MSN Money
•    TechCrunch
•    VentureBeat
•    Moco News
•    Washington Post
•    Silicon Alley Insider
•    Virtual Goods News
•    Payments News
•    Paid Content
•    Inside Social Games
•    Alt Assets
•    Wireless Week
•    Fierce Mobile Content
•    Nonstop Tech News
•    Telecom Paper
•    SF Business Times
•    Digital Media Wire
•    THE Paypers
•    Strategy Eye