TechCrunch October 7, 2014
Boku — the U.S.-based startup that enables consumers to pay for goods on their phones by charging directly on to their phone bills or deducting from available phone credits — is today announcing it is acquiring Germany-based Mopay, one of its biggest competitors.
The companies are not disclosing the financial terms of the purchase — we are still trying to find out and will update if we learn the price — but it is a big deal in another sense. Boku’s CEO Jon Prideaux says that the combined company becomes the world’s largest carrier billing provider, both in terms of carriers and content companies (and therefore customers) that will be plugged into the system; and in terms of the money that is getting processed as a result.
“By our estimates, Mopay would have been the second largest carrier billing player after us, so this is about combining the number two and number one players, which will help us make deals with large corporates and get the scale and take carrier billing to more verticals,” he said in an interview.
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