This acquisition will make DaoPay the largest processor for pay by call payments worldwide.
DaoPay, a 14-year old Austrian company that offers carrier billing payment solutions, has acquired the ‘pay by call’ business of American rival Boku for an undisclosed amount. The Vienna-based company said the deal makes it the largest processor for pay by call payments worldwide. DaoPay founder and CEO Peter Krapfl, commented: “Boku’s pay by call business is a perfect fit for DaoPay. With this strategic purchase we are able to strengthen our position and serve more clients than ever before.”
DaoPay offers a payment service that currently enables users (theoretically, 2.7 billion people) to pay by phone in 54 countries around the world, using both mobile or landline phones. DaoPay is predominantly used for purchases of digital content such as virtual goods, in-game purchases, membership/subscription fees and other services.
Clients using DaoPay’s payment services include Facebook and Gameforge.
DaoPay, a 100% privately owned company, said the acquisition of Boku’s pay by call business will be completed in the third quarter of this year, and expects to process the highest number of transactions in the company’s history by the end of 2015.
According to CrunchBase, DaoPay recently secured $2 million in seed funding from Techstars Ventures and global private equity firm ACE & Company. Boku, meanwhile, has raised $73 million from investors like NEA, SV Angel, Index Ventures, Andreessen Horowitz, Benchmark, Khosla Ventures and Telefonica according to CrunchBase, and has recently expanded in Europe by acquiring Germany-based mopay and Italy-based mobileview Italia.
This post was originally published on Tech.eu.
Featured Image Credit: PR Screenshot/ DaoPay