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Obopay Receives $29 Million In Third Round Funding

Friday, July 13, 2007 5:00:00 AM PDT | VentureDeal Staff

REDWOOD CITY, CA -- Mobile payment company Obopay, Inc. announced that it has secured $29 million in series C venture capital financing.

Obopay partners with cellular carriers, financial institutions and Internet providers to provide systems that allow customers to make instant payments from their mobile phone.  Current partners include Verizon Wireless, Citi and America Online.

Richmond Global Cellular led the round, which included Qualcomm, Redpoint Ventures, AllianceBernstein, L.P., Citi, Societe Generale and others.

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