Funding Received
$14.5 Million in 2 Rounds from 1 Investor
Most Recent Funding
$5 Million Private Equity on May 31, 2013
Headquarters:
San Jose, CA
Description:
BilltoMobile is a provider of mobile business solutions, enabling mobile payments, mobile commerce, marketing, and mobile wallet services. 
Founders:
Paul Kim
Categories:
Payments, Mobile Payments, Mobile
Website:
http://www.billtomobile.com

Company Details

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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.

Current Team (12)

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Past Team (9)

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Funding Rounds (2) - $14.5M

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Investors (1)

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  • 138194732818d8ed6f01da9a359dfca9

    Morgenthaler Ventures

    Morgenthaler Ventures is a venture capital and private equity firm that invests in IT and life...

Offices/Locations (1)

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  • BilltoMobile

    2833 Junction Avenue

    Suite 202

    San Jose, CA 95134

    USA