Mobile Payment Firm Obopay Gets $7 Million Funding; Adds Three VPs

U.S. Mobile payment company Obopay has secured $7 million in funding in a second round led by Qualcomm and joined by Redpoint Ventures, Onset Ventures and Richmond Management, which all contributed to the first round of $10 million last February. The funding will be used by Obopay to expand its marketing and operations. As for Qualcomm: “We look forward to working with Obopay and driving mass consumer adoption of their innovative peer-to-peer mobile payments solution on the BREW platform.”
The company also added three new VPs: Christian Delay, VP of business development for mobile; Ramy Mora, VP of consumer marketing; and Sam Shawki, VP of customer operations.

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