A San Francisco start-up, Boku Inc., said Tuesday that it has launched a mobile payment service and acquired the mobile payment company Paymo Inc. and the Mobillcash platform developed by Vidicom Ltd.
Boku said its goal is to provide "bank-grade payments technology" to mobile device users.
"Our vision is to provide a new industry standard for mobile payments, bringing ease, accessibility and security to the market," Mark Britto, Boku's chief executive, said in a press release.
Boku also said it has raised $13 million in venture funding led by Benchmark Capital of Menlo Park, Calif., with participation from Index Ventures of Geneva and Khosla Ventures LLC of Menlo Park.
