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.
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21 Facts About Boku Inc
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Boku Inc offers its customers more than 220 mobile payment types in over 70 countries globally, offering a bank-grade payment system.
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In 2020, Boku Inc processed over one billion billable transactions and processed over $7 billion in payments volume.
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Boku Inc was founded in 2009 by Mark Britto, Erich Ringewald and Ron Hirson using the combined assets of Mobillcash and Paymo.
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Boku Inc raised a $13 million Series A investment from Khosla Ventures, Index Ventures and Benchmark.
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San Francisco California Andreessen Horowitz Telefonica Philippines India Sony PlayStation Italy6.
Year later, in 2010 Boku Inc raised an additional US$25 million Series C investment, led by DAG Ventures.
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In 2012, Boku Inc raised another US$35 million, Series C investment led by NEA and existing venture capital investors.
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In total, Boku Inc has raised more than $91M in venture capital funding from Benchmark Capital, Index Ventures, Khosla Ventures, DAG Ventures, Andreessen Horowitz, New Enterprise Associates, Telefonica, and GMO Payment Gateway.
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On November 20,2017, Boku Inc listed its shares on the London Stock Exchange through £125 million initial public offering.
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In 2012, Boku Inc launched mobile wallet payments with GCash in the Philippines.
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In 2013, Boku Inc announced the acquisition of Qubecell, India's largest aggregator in carrier billing to grow India as its engineering and technology hub.
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In 2014, Boku Inc launched mobile payments for the Sony PlayStation Store, and acquired German-based carrier billing provider Mopay.
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Boku Inc acquired Mobileview, giving the company access to all four major mobile operators in Italy.
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In 2017 Boku Inc exceeded $1B in annual payment volume for the first time.
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In 2018, Boku Inc acquired Danal to add mobile authentication services that secure consumer accounts and transactions.
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In 2020, Boku Inc acquired Fortumo, the second largest carrier billing company and recorded revenues of $54.
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Boku Inc provides businesses with the ability to accept mobile payments online from consumers.
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Boku Inc offers a subscription bundling product, named Trident, that enables subscription services to be offered to consumers through a mobile network operator.
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Additionally, Boku Inc offers mobile identity products that utilize mobile network operator data in order for consumers to verify their identity in order to complete transactions online.
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In 2014, Boku Inc won the "Best Alternative Payments" award at 2014 Payment Awards.
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In 2020, Boku Inc won the "Future Digital Awards" for Best Mobile Money Offering and Fraud Detection and Prevention Innovation.
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