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Acquired byBOKU
Date6/2009

General Information

Offices

Paymo, Inc.
300 Broadway Street
Suite 31
San Francisco, CA, 94133
USA
Paymo Europe Ltd.
107 Fleet Street
London, EC4A 2AB, GBR

People

COO/CFO/Founder
Vice-President of Corporate Affairs

Funding

TOTAL $5M
FUNDING TOTAL $5M
Seed, 8/2008
$5M

Competitors

Tags

Paymo

Paymo is a mobile payments network that allows consumers anywhere in the world to buy online and pay with their mobile phone. Paymo is currently available in more than 50 markets around the globe, enabling mobile payments to over 1.5 billion consumers in Europe, North and South America, the Middle East, Africa and Asia.

For merchants — Paymo increases revenues, allowing hundreds of millions of new customers who do not have or do not want to use a credit card to buy products and services online. Paymo handles all the user billing, provides a simple electronic confirmation of the purchase and settles in the merchant’s chosen currency. Paymo’s conversion rates are up to 10X better than traditional payments.

For consumers — Paymo provides an easy, fast and safe way to pay online. A customer doesn’t need a credit card or a bank account, and they don’t need to register. Simply by entering a mobile phone number and replying to a text message, a user can make a purchase. The charges are deducted from a pre-paid balance or appear on a monthly cell phone bill.

Recent Milestones

Videos

Screenshots

Products

Paymo Express

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Traffic Analytics

Compete

Paymo

Sources

  1. BOKU Acquires Paymo and Mobillcash Businesses (marketwire.com) [edit]
  2. Paymo raises round for mobile payment system (venturebeat.com) [edit]
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Last Edited 1/30/14

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