Boku lands $35 million from Telefonica, NEA
16 March, 2012
category: NFC
Mobile payments start up Boku has received $35 million in funding from Telefonica Digital, the tech arm of Spanish mobile operator Telefonica, and New Enterprise Associates among other investors.
According to Boku, the funding will be used to broaden the company’s infrastructure and expend its operations, which includes the recently launched NFC mobile payments service Boku Accounts.
Other investors in Boku include Andreessen Horowitz, Benchmark Capital, DAG Ventures and Khosla Ventures.
Key added that Telefonica plans to embark on a global partnership with Boku to expand the teleco’s mobile wallet offerings.