Obopay gets $20M, some sent via Obopay

In a clever publicity stunt, Obopay executives contributed to the company's latest round of funding by wiring their investments from their mobile phones' Obopay accounts, according to a report from GigaOM. Obopay had already raised $48 million so the latest round takes the company up to $60 million so far, but the $20 million round isn't complete. Obopay managed to score 41 licenses in order to become a registered money transfer agent in the U.S., which should help the company's platform to become carrier and bank agnostic.

For more on Obopay's latest round:
- read this Obopay raises $20M article


Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.

Suggested Articles

AT&T has shifted its Cricket prepaid brand to a 100% authorized retailer model, according to Wave7 Research.

The FCC decided to extend the timeline for responding to Huawei's application for review until December 11.

All operators are trying to understand the intersection between their networks and hyperscale networks. But who gets the lion's share of the revenue?