The company was originally Danal Co., Ltd., which is a public company listed on the KOSDAQ market in South Korea, which is credited with being the first provider of mobile payments globally. Paul Kim started the US subsidiary in 2006. Then in May 2007, the US business was spun out as BilltoMobile via $9.5 million venture capital funding led by Morgenthaler Ventures, with Paul Kim as the Founder and CEO.

BilltoMobile is different from other mobile payments companies in that it is the first company to successfully sign a major mobile carrier (Verizon, May 2009) in the US with a fee structure to merchants that is significantly below that of premium SMS payments with a financial-grade system. BilltoMobile’s service will be available to consumers in 2010.

Recent Milestones
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Danal added Jim Greenwell as President & CEO. (3/1/09)

Posted 11/12/09 at 9:36pm
Danal added David Cho as VP of Technology. (7/1/07)

Posted 1/6/09 at 3:30pm
Danal received $9.5M in Series A funding. (6/1/07)

Posted 8/28/07 at 12:01pm via danalcorp.com
Danal — Paul Kim becomes Founder and CEO of BilltoMobileÂ® (5/1/07)

Posted 2/12/10 at 11:56am via paymentsnews.com
Danal added Denise Archer as VP of Carrier Sales & Industry Communications. (1/1/07)

Posted 1/6/09 at 3:30pm
Danal added Paul Kim as Founder. (10/1/06)

Posted 12/30/07 at 9:54pm
Danal added Oakyoon Cha as Developer. (9/1/03)

Posted 3/21/11 at 6:01pm
Danal added Madhura Belani as VP of Product & Marketing.

Posted 5/10/11 at 10:59am
Danal added Steve Klebe as VP of Strategy & BD.

Posted 5/10/11 at 10:59am
Danal added Warren Faleiro as CTO.

Posted 5/10/11 at 10:59am