Danal Garners $4,500,000 New Financing

  • Feed Type
  • Date
    3/31/2008
  • Company Name
    Danal
  • Mailing Address
    2387 Bering Drive San Jose, CA 95131
  • Company Description
    The eCommerce industry in the U.S. requires an alternative payment option that effectively addresses the convenience needs and security concerns of online shoppers and merchants. At Danal, Inc. we address that demand by delivering a new standard for online payments in the US.

    We are a dynamic and established VC-backed technology company based in San Jose, California partnering with US mobile carriers to launch our innovative online payment service called BilltoMobile®. BilltoMobile® enables consumers to charge online purchases directly to their mobile phone bills quickly, conveniently and securely. BilltoMobile® requires no pre-registration or association with credit/debit cards, bank accounts or any third party financial institutions. Utilizing Danal, Inc.’s proven, world-class BilltoMobile® payment service, participating wireless carriers can spearhead the future of mobile billing for online purchases.

  • Website
    http://www.danalcorp.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Rustic Canyon Partners
  • Venture Investor
    SoftBank Capital

Trending on Xconomy