Boku announced the acquisition of its rival mopay. Germany-based mopay is one of the largest carrier billing companies in the world.
The acquisition makes Boku the largest standalone provider of carrier billing-based mobile payment services in the world. The companies will merge operations and operate under the Boku brand. Financial terms were not revealed.
Leading Silicon Valley entrepreneurs and venture capitalists fund Boku including Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures, and NEA.
Their merchant customers include Valve, gameloft, and Wargaming, Facebook, Sony, Spotify, and Electronic Arts.
The combined assets of the two companies will offer better scale and operational efficiency and standardized carrier billing solution to the benefit of merchants, carriers and consumers.