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Obopay Overview
Obopay is the first truly comprehensive mobile payment service in the United States. That means we're the only service that lets you instantly get, send and spend money anywhere, anytime with anyone. Plus, it comes with the added convenience of an Obopay Prepaid MasterCard®. Think about that for a minute. There are over 200 million cell phone users in the U.S. and more than 24 million MasterCard®...More»
Obopay is the first truly comprehensive mobile payment service in the United States. That means we're the only service that lets you instantly get, send and spend money anywhere, anytime with anyone. Plus, it comes with the added convenience of an Obopay Prepaid MasterCard®. Think about that for a minute. There are over 200 million cell phone users in the U.S. and more than 24 million MasterCard® acceptance locations worldwide including merchants and ATMs. Now, that's a lot of people and places that are going to love Obopay.«Less
Key People
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 02/2006 | Series A | 10M | Unknown | |
| 09/2006 | Series B | 7M | Unknown | |
| 07/2007 | Series C | 29M | Unknown | |
| 04/2008 | Series D | 20M | Unknown |
Products
| Name: | Obopay |
| Product URL: | http://www.obopay.com/ |
| Description: | Obopay, Inc. is a mobile payments service provider that allows users to send and receive money through a secure Web site, mobile Web browser, text messaging (SMS) and AOL Instant Messenger. As a mobile finance company, Obopay, Inc. enables customers to make phone to phone (P2P) payments, check their balance, and check the history of their account on their mobile phone, using an application, WAP or SMS text messaging. |
| Screenshots: |
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Competitors
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Page Information
01/11/2011 12:02PM by limguine
User Opinions
Bulls vs. Bears (10)
| Bullish Opinions (6) | Author/Date | Do you agree? | |
|---|---|---|---|
|
There's a great need for easy mobile payments
1 comment
Add Comment
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john 04/22/2008 |
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100% 4 votes 4 0% 0 |
The company has too many chiefs and not enough Indians. Their product tied to the major credit card companies reduces their margins significantly. I cannot see how they are profitable especially since they are back by VCs so you know the VCs will be looking for ROI
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jeffshin | 08/25/2008 | |
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They just signed a deal with MasterCard for p2p mobile payments |
page 07/24/2008 |
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100% 3 votes 3 0% 0 |
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can fill a gap in current payment systems, but mainly in emerging markets (see mpesa in Kenya) |
maafjes 07/05/2008 |
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100% 3 votes 3 0% 0 |
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They have some impressive investors/strategic partners |
john 04/25/2008 |
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100% 6 votes 6 0% 0 |
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They have Helio, Verizon, and Citibank as partners |
john 04/22/2008 |
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100% 4 votes 4 0% 0 |
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They just raised $20 mm |
john 04/22/2008 |
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100% 5 votes 5 0% 0 |
| Bearish Opinions (4) | Author/Date | Do you agree? | |
|---|---|---|---|
|
mobile only seems tricky in developing countries where on and offline alternatives are plentiful |
maafjes 07/05/2008 |
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100% 1 vote 1 0% 0 |
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mobile centric payments have been tried in the past without much success |
maafjes 07/05/2008 |
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100% 1 vote 1 0% 0 |
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Traffic to their website has been declining over the past year |
john 04/22/2008 |
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100% 2 votes 2 0% 0 |
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It's hard to compete against PayPal, which offers a similar service |
john 04/22/2008 |
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100% 2 votes 2 0% 0 |
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| Yahoo Search Results: | n/a | ||
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