Bango Raises $10.2 Million For International Expansion

By PYMNTS | February 9, 2013

Mobile payments and carrier billing service Bango has announced that it’s raised $10.2 million through a placing of 3,250,000 ordinary shares on the London Stock Exchange.

The company plans to use the funding to expand to markets such as Brazil, Latin America, India and Asia.

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“This fundraise provides us with the resources to move forward in developing those opportunities and we are confident that the massively smooth user experiences enabled by our unique technology platform, extensive mobile network operator relationships and industry leading customers provide us with a clear competitive edge in the fast growing mobile payments industry,” said Ray Anderson, CEO of Bango.

Read the full story here.