Obopay

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Website: http://www.obopay.com/

Obopay is the first truly comprehensive mobile payment service in the United States. That means we're the only service that lets you instantly get, send and spend money anywhere, anytime with anyone. Plus, it comes with the added convenience of an Obopay Prepaid MasterCard®. Think about that for a minute. There are over 200 million cell phone users in the U.S. and more than 24 million MasterCard®...More»

Address: 275 Shoreline Drive, Suite 600 Redwood City, CA 94065 Map it »

Phone: 650-264-2000

Industry: Communications and Networks

Sub-Industry: Wireless Service

Ownership: Private

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Management

Board of Directors

Date	Type	Capital Amount	Post-Money Valuation	Investors
02/2006	Series A	10M	Unknown	Onset Ventures, Redpoint Ventures, Richmond Capital
09/2006	Series B	7M	Unknown	Qualcomm
07/2007	Series C	29M	Unknown	AllianceBernstein, Citi, Qualcomm, Redpoint Ventures, Richmond Capital, Societe Generale
04/2008	Series D	20M	Unknown	Richmond Management, Societe Generale, Redpoint Ventures, Essar Communications Holdings Limited, along with existing investors Alliance Bernstein, Promethean India, Qualcomm, Citi, Onset Ventures

Name:	Obopay
Product URL:	http://www.obopay.com/
Description:	Obopay, Inc. is a mobile payments service provider that allows users to send and receive money through a secure Web site, mobile Web browser, text messaging (SMS) and AOL Instant Messenger. As a mobile finance company, Obopay, Inc. enables customers to make phone to phone (P2P) payments, check their balance, and check the history of their account on their mobile phone, using an application, WAP or SMS text messaging.
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Last Edit:

04/25/2008 06:59PM by john

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User Opinions

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Bullish Opinions (6)	Author/Date	Do you agree?
There's a great need for easy mobile payments 1 comment Add Comment	john 04/22/2008		100% 4 votes 4 0% 0
The company has too many chiefs and not enough Indians. Their product tied to the major credit card companies reduces their margins significantly. I cannot see how they are profitable especially since they are back by VCs so you know the VCs will be looking for ROI	jeffshin	08/25/2008
They just signed a deal with MasterCard for p2p mobile payments Add Comment	page 07/24/2008		100% 3 votes 3 0% 0
can fill a gap in current payment systems, but mainly in emerging markets (see mpesa in Kenya) Add Comment	maafjes 07/05/2008		100% 3 votes 3 0% 0
They have some impressive investors/strategic partners Add Comment	john 04/25/2008		100% 6 votes 6 0% 0
They have Helio, Verizon, and Citibank as partners Add Comment	john 04/22/2008		100% 4 votes 4 0% 0
They just raised $20 mm Add Comment	john 04/22/2008		100% 5 votes 5 0% 0

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Bearish Opinions (4)	Author/Date
mobile only seems tricky in developing countries where on and offline alternatives are plentiful Add Comment	maafjes 07/05/2008	100% 1 vote 1 0% 0
mobile centric payments have been tried in the past without much success Add Comment	maafjes 07/05/2008	100% 1 vote 1 0% 0
Traffic to their website has been declining over the past year Add Comment	john 04/22/2008	100% 1 vote 1 0% 0
It's hard to compete against PayPal, which offers a similar service Add Comment	john 04/22/2008	100% 2 votes 2 0% 0