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TMCNet:  United Kingdom : TELEFONICA, NEW ENTERPRISE award $35 MILLION in funding to BOKU [TendersInfo (India)]

[March 20, 2012]

United Kingdom : TELEFONICA, NEW ENTERPRISE award $35 MILLION in funding to BOKU [TendersInfo (India)]

(TendersInfo (India) Via Acquire Media NewsEdge) Digital, the tech arm of Spanish mobile operator Telefonica and New Enterprise Associates among other investors awarded $35 million to Mobile payments start up Boku.

The company s infrastructure will be enhanced, and its recently launched NFC mobile payments service Boku Accounts operations will be developed by the funds.

Andreessen Horowitz, Benchmark Capital, DAG Ventures and Khosla Ventures are the other investors in Boku.

To expand the teleco s mobile wallet offerings, Telefonica plans to enter a global partnership with Boku.

(c) 2012 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company

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