The company is being coy with the details. We talked with Peter Kellner, a partner at Richmond Management, who has just pumped $10 million into the company, together with venture firms Redpoint Ventures and ONSET Ventures."
The Press Release reveals a little more:
OBOPAY, COMPLETE MOBILE PAYMENT SERVICE, CLOSES $10 MILLION
SERIES A FUNDING
Redpoint Ventures, ONSET Ventures, N.Y. Based
The Obopay service will be fast and easy to use and will work on any mobile phone. In addition to enabling mobile payments, Obopay will allow users to instantly get cash from any ATM or spend it at millions of merchants. With the complete Obopay service, mobile users can manage their account directly from their phones.
Obopay will bring to market the first complete mobile payment service in the U.S. Obopay’s intuitive and easy to use mobile application will work on any mobile phone and is the most convenient way for consumers to get, send and spend money instantly. The Obopay team is comprised of executives who have worked previously at Visa International, Microsoft, AT&T Wireless, Western Union, First Data Corporation, Norwest Bank and Chordiant Software. Obopay was founded in 2005 and is based in
Redpoint Ventures was founded in 1999 by top partners each from Brentwood Venture Capital and Institutional Venture Partners (IVP), two leading venture firms. Redpoint's partners are peers and friends, with years of experience and success in technology investing. Redpoint has an interactive community of entrepreneurs, partners, service firms and industry experts whose combined impact will accelerate the building of companies destined for market leadership.
ONSET Ventures specializes in providing an ideal mix of start-up, follow-on, and intellectual capital to entrepreneurs and early-stage technology ventures, to help transform world-class ideas into sustainable and valuable businesses. The firm has backed nearly 100 companies since 1984 and now has more than $700 million under management. ONSET Ventures focuses exclusively on information and medical technology-based start-ups, and has a long history of successful ventures in each of these sectors.
Richmond Management is a