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Obopay Receives Additional Funding

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Mobile payment company Obopay has announced via a press release that “it has received from Wolfensohn & Company, L.L.C. an add-on investment to the strategic round announced last September”. There’s no note as to how much the further funding was. “Obopay will leverage the additional investment to further expand its marketing and operations efforts to more quickly capitalize on the rapidly growing opportunity for mobile payments in the U.S.”
I like this quote…“Mobile phones will be to money what the iPod is to music,” according to Carol L. Realini, CEO and founder of Obopay.

Nov 16, 2006 6:04 PM ET

Posted In: E-Commerce, Payment Systems, Money, M&A & Venture Capital, Technologies / Formats

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