Mobile payments firm Obopay, backed by Qualcomm, Redpoint Ventures, and others, has bought out a small, two-person Seattle-based company called BillMonk.
BillMonk was founded by former Amazon.com employees Gaurav Oberi and Charles Groom. The service helps people track what they owe using mobile devices, while Obopay actually handles the mobile payment transaction. BillMonk will help roommates, travelers and co-workers split bills, what it calls “social money” services.
More details in the release here.
Related:
—Obopay Receives Additional Funding
—Mobile Payment Firm Obopay Gets $7 Million Funding; Adds Three VPs