A note from the CEO, Jon Prideaux:
I am delighted to announce that Gillian Davies will be joining Boku as its new CFO. While new to mobile payments, Gillian brings with her a wealth of experience as well as a fresh perspective that will serve Boku well as our global operations continue to expand.
Gillian is an internationally experienced Group Finance Director with an extremely strong track record with blue chip multinationals across a range of sectors including industrial, support services and marketing. She has more than a decade of CFO experience in the UK as Group Finance Director of 4imprint Group, an international direct marketer of promotional products.
The 4imprint Group evolved over her tenure, and has UK, US and European subsidiaries. At various times 4imprint has operated both web and field based selling models. Prior to that, Gillian held various finance roles in the pharmaceutical, chemicals and paper industries, having originally qualified as an Auditor with KPMG.
Gillian’s official start date is today, January 23rd, while she is visiting our San Francisco office, and will be based in our London office after that. Welcome Gillian!
Today Boku has extended their agreement with Microsoft to bring carrier billing to all Windows 10 devices on Orange France, including Windows Phones, Surface tablets, PC’s and laptops. As part of the expanded integration with Boku, Windows 10 customers on Orange France will be able to use their mobile phone number to save their mobile account as their preferred payment method when making any purchase in the Windows Store.
This is the first time carrier billing will be offered as a payment option for the Windows Store in France and will be available across a full range of devices including Windows Phones, Surface Tablets and any PC or laptop running Windows 10.
France is one of the top global markets for Windows 10 adoption, which currently has over 400 Million downloads globally. Orange boasts over 29 Million subscribers, nearly 40% marketshare, in France.
Today Boku is announcing the expansion of carrier billing for Spotify music lovers in Switzerland via Swisscom. This partnership will help 6.5 Million Swisscom Subscribers to access carrier billing as a payment option for Spotify Premium, creating recurring payments quickly and easily using only their mobile number.
Today Boku is announcing a new office in Singapore to further expand their footprint in Asia, one of the fastest growing regions for carrier billing. Max Lehmann, Boku VP of Business Development Asia, will head up the office which will be responsible for all of Boku’s business operations in the Asia Pacific region. This is Boku’s fifth office in Asia, which already included offices in Tokyo, Taipei City, Beijing and Mumbai. The new Singapore office provides a strategic advantage for Boku, as it’s centrally located and long considered the business hub for all Asian Pacific markets.
Global carrier billing revenue is expected to reach $25 billion by 2020, with Asia being the most significant driver, contributing to over 50% of overall revenue (Ovum, 2015). Boku has recently seen tremendous growth in emerging markets in Asia, as well as in developed Asian markets like Japan, Taiwan and Singapore. This, coupled with many major app stores and subscription services all recently adopting carrier billing as a mobile payment method and Boku’s partnerships with premier Asian carriers means continued business opportunities in these markets for the foreseeable future.
If merchants would like to hear more details, please reach out to us at [email protected].
Boku, a San Francisco direct carrier billing mobile payments company, has raised $13.75 million in new VC funding. Return backers include Khosla Ventures, Benchmark Capital, NEA, Index Ventures and DAG Ventures.
Boku announced today that has raised $13.75 million in a new round of venture capital as it seeks to expand the range of carrier billing services it offers.
Based in San Francisco and founded in 2009, Boku has now raised a total of $91 million. The latest round includes many of the same marquee investors who have backed the company previously, including Khosla Ventures, Benchmark, NEA, Index Ventures, and DAG Ventures.
Silicon Valley investors are betting that a service that allows consumers to add purchases to their phone bills, will occupy a place in the growing market for electronic payments.
Carrier billing startup Boku, which has raised a $13.75 million Series E, allows merchants to bill goods as an add-on charge to customers’ phone bills. It is chiefly used by digital-content services such as Spotify, Google Play, Sony Playstation and Microsoft Windows 10.
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Today Boku is pleased to announce that it has secured $13.75 million in further venture funding to expand carrier billing across numerous carrier connections in developed and emerging markets around the globe.
Several of Boku’s existing venture investors from Silicon Valley have followed on with their investments, including Khosla Ventures, Benchmark Capital, NEA, Index Ventures and DAG Ventures, in addition to a other new and existing investors in the UK, US and Asia. This new portion of venture funding, which was oversubscribed from Boku’s initial financing plans, brings the total amount Boku has raised to $91 million since its founding in 2009.
The funding will allow Boku to build and activate new waves of carrier connections across the globe, providing millions of new cell phone subscribers to fuel Boku’s growth. Historically carrier billing was viewed as the preferred payment method for consumers in emerging markets; those with little or no access to credit cards or bankcards to participate in ecommerce. Recently, Boku has seen explosive growth in developed markets through partnerships with premier merchants and carriers making carrier billing the preferred alternative payment option for both developed and emerging economies.
Download full press release (PDF)
Today, Boku announced a significant expansion of our relationship with Microsoft in two key European markets, the UK and Italy, adding carrier billing as a payment option for Windows Store purchases made on Windows 10 devices.
Now, O2 subscribers in the UK and Wind subscribers in Italy can purchase apps, software, movies, music, games and more on any Windows 10 device including mobile phones, tablets, PCs, and laptops using only their phone number.
This expansion comes quick on the heels of our deal with Microsoft in other key developed markets – the US, Germany and Switzerland – proof that carrier billing is the alternative payment of choice in developed and emerging markets alike.
The new Windows Store is available in 242 markets worldwide, and this is the first time carrier billing will be offered as a payment option for Windows 10 devices in the UK and Italy. Windows 10 is also seeing steady growth globally, having already been installed on more than 350 million devices.
Today, Boku announced a significant expansion of our relationship with Spotify into three new Southeast Asian markets and working with four carrier partners: Starhub, CHT Global, FarEastone, and Digi International.
Spotify was also one of our first merchant partners to adopt our Phone on File technology, allowing for standing authorization of mobile accounts as a subscriber’s preferred payment mechanism.
Spotify is one of Boku’s largest merchant partners, with more than 75 million accounts worldwide, 20 million paid subscribers and growing. This new expansion will enable pre and post paid purchases of Spotify Premium accounts for millions of new listeners across Singapore, Taiwan, and Malaysia.
If you are a carrier looking to bring Spotify carrier billing to your subscribers, feel free to reach out at [email protected]