PaymentOne Lands $7,000,000 Series B Round

  • Feed Type
  • Date
    8/19/2009
  • Company Name
    PaymentOne
  • Mailing Address
    5883 Rue Ferrari San Jose, CA 95138
  • Company Description
    PaymentOne Corporation is one of the world’s fastest growing online Payment Services Providers (PSPs). Founded in July 2000, PaymentOne has pioneered payment and marketing services that connect digital merchants and network operators and accelerate the adoption of online content and services by over 25%. Based in Silicon Valley, PaymentOne has generated over $3 billion in new digital revenue over the last 36 months for its clients and partners. The company manages a network of over 1000 telecommunication/broadband providers, mobile operators and content partners including leading ISPs, BSPs, Telcos, broadband operators and media companies such as America Online, Sulake (Habbo), Blizzard Entertainment and Time Inc. The company’s flagship PhoneBill service provides merchants with access to over 220 million consumers with mobile, broadband and landline accounts.
  • Website
    http://www.PaymentOne.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The new funding will be used to expand and accelerate the organic growth and mobile related product development as well as set the foundation for executing on strategic acquisition targets to complement the company’s suite of payment gateway services.
  • M&A Terms
  • Venture Investor
    Undisclosed

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