Boku Receives Funding From Andreessen Horowitz
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Boku has announced that they have raised funding from Andreessen Horowitz. Boku did not reveal how much funding that they have received, but the company has raised a total of $38 million since they launched last year. Boku is a mobile payments startup company and now Marc Andreessen and Ben Horowitz will join the Board of Directors. Boku does not require anyone to have a credit card or bank account to make micropayments.
People just have to enter their cell phone number on the website and reply to a text message, then the person’s mobile phone bill is charged extra. Boku recently acquired a couple of other payment companies over the last year: Paymo and Mobillcash this past year. Boku is available in over 60 countries and across 200 carriers. [TechCrunch]