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General Information

Websitepayfone.com
Twitter@payfone
CategoryMobile/Wireless
Phone(212) 614-6927
Email
Employees
Founded2008
DescriptionMobile Commerce

Offices

New York, USA
27 West 24th Street
Suite 302
New York, NY, 10010
USA

People

CEO / Co Founder
Vice President, Engineering
Co-Founder / Vice President of Products
Director
Board Member

Funding

TOTAL $36M
VENTURE FUNDING TOTAL $36M
Venture Round, 3/10
$6M
Series B, 8/10
Opus Capital
BlackBerry Partners Fund
RRE Ventures
$11M
Venture Round, 4/11
American Express
Verizon Ventures
Rogers Ventures
Opus Capital
BlackBerry Partners Fund
RRE Ventures
$19M

Service Providers

PR, Social Media
PR, Social Media

Tags

Payfone

Payfone brings payment processing, telco, and web 2.0 expertise to mobile commerce. Our youth is our strength. Most mobile payment companies are over eight years old – built on legacy thinking. We’re driven by the belief that the next round of explosive internet growth is upon us. We’ve rebuilt mobile commerce using our unique IP and established strategic partnerships with leading telco network operators.

Payfone is a member of the GSMA and is based in New York, NY. The company was founded in March 2008 and is backed by BlackBerry Partners Fund, Opus Capital, RRE Ventures, Verizon Ventures, Rogers Communications and American Express.

Milestones

  • Check
    Payfone added Paul Tocatlian as Vice President, Engineering. (1/1/12)
    Posted 2/23/12 at 11:42am
  • Check
    Payfone added Bob Borchers as Board Member. (2/1/10)
    Posted 10/28/11 at 3:47pm
  • Check
    Payfone added Mike Brody as Co-Founder / Vice President of Products.
    Posted 3/10/10 at 10:43am
  • Check
    Payfone added Rodger Desai as CEO / Co Founder.
    Posted 3/10/10 at 10:43am
  • Check
    Payfone added Stuart Ellman as Director.
    Posted 3/9/10 at 6:08pm
  • Dollar
    Payfone received $19M in Venture Round funding. (4/13/11)
    Posted 4/13/11 at 5:38am via finsmes.com
  • Dollar
    Payfone received $11M in Series B funding. (8/2/10)
    Posted 8/2/10 at 8:21am via wsj.com
  • Dollar
    Payfone received $6M in Venture Round funding. (3/9/10)
    Posted 3/9/10 at 6:09pm via sec.gov
  • Check
    Payfone — Payfone announces closing of $19 million strategic funding round (4/13/11)
    Posted 4/14/11 at 8:09am via payfone.com

Videos

Screenshots

Sources

  1. SEC D (sec.gov) [edit]
  2. Apple Vet Makes First Venture Bet On Mobile-Pay Start-Up Payfone (blogs.wsj.com) [edit]
  3. Payfone Closes $19M Funding Round (finsmes.com) [edit]
  4. AMERICAN EXPRESS, VERIZON INVESTMENTS AND ROGERS VENTURES ADVANCE MOBILE PAYMENTS INDUSTRY WITH INVESTMENT IN PAYFONE (payfone.com) [edit]
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Last Edited 5/21/12

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