|Series A, 6/2007 |
|Private Equity, 5/2013 ||$5M|
Danal, Inc. d/b/a BilltoMobile, a majority owned U.S. subsidiary of Danal Corp [064260:KOSDAQ], is the leading provider of mobile business solutions enabling payments, commerce services, targeted marketing, and wallet services optimized for display [PC], mobile [Smartphone, Tablet], and integrated devices [Smart Television].
Danal provides its merchant customers access to four billion subscribers in over 80 countries, representing $2 billion in annual worldwide transaction processing volume. As the only company directly processing payments for all tier 1 US carriers [Verizon, AT&T, Sprint, T-Mobile, and U.S. Cellular], Danal is uniquely the leader in US direct carrier integration. At the forefront of this leadership position, Danal also serves as a mobile payments gateway for Verizon, providing direct billing access to Verizon for other payment aggregators, as well as directly contracted large-scale merchants.
BilltoMobile is privately-held and headquartered in San Jose, California. Its strategic investor and majority shareholder, Danal Co., Ltd (Seoul, South Korea), pioneered Direct Carrier Billing (DCB) technology in Korea, Taiwan and China in 2000. An additional shareholder, Morgenthaler Ventures, also participated in BilltoMobile’s $9.5 million Series A investment in 2007. After announcing its first direct carrier payment connection with Verizon wireless in 2010, Danal Co. purchased additional equity in BilltoMobile to take a majority ownership position. In March 2012, BilltoMobile entered a marketing agreement with Discover to enable the two companies to drive market-leading innovation and value in a rapidly-evolving Omni Commerce [across online, mobile, and retail channels] marketplace.