BOKU Receives $13M Funding From Benchmark Capital, Index Ventures and Khosla Ventures

SAN FRANCISCO, CA, Jun 16 (MARKET WIRE) --
BOKU, Inc. today announced it has raised $13 million in venture capital
investment led by Benchmark Capital, with participation from Index
Ventures and Khosla Ventures. The company is offering a new payments
service for global consumers who make online purchases of digital and
virtual goods with their mobile phones. BOKU is building a new market for
publishers and carriers by bringing bank-grade mobile payments to the
Web. In a related announcement today, the company has acquired both Paymo
and Mobillcash businesses, two leading global mobile payments companies.

Mark Britto joins BOKU as CEO, with a background spanning twenty years of
management, sales and payment roles at Amazon, Ingenio and FirstUSA, along
with a seasoned team with management experience in finance and technology
companies including AT&T Interactive, PayPal, Apple, FICO, Google, O2,
Bank of America and eBay.

"Mark and his team at BOKU have the right DNA in payments, mobile and the
web to execute on this timely vision and deliver a solid payments
foundation capable of serving a very fast growing market," stated Kevin
Harvey, Partner at Benchmark Capital.

Mark Britto, CEO for BOKU, added, "We're excited to be working with Kevin
Harvey (Benchmark), Danny Rimer (Index) and David Weiden (Khosla) who are
some of the most forward-thinking, successful venture capitalists in the
world. They and their firms bring decades of deep experience in
revolutionary technologies, including eBay, Second Life, Skype, Tellme and
Twitter."

The BOKU(TM) mobile payments service will allow over 1.6 billion
potential consumers to access BOKU Mobile Payments by clicking on the Pay
By Mobile(TM) button to purchase virtual goods on websites and in games
in 50+ countries. The companies' combined reach, technology and teams
will provide a mobile payment platform unmatched by any other offering in
the market today.

The market for online payments via mobile is being driven by the rapid,
global growth of social networks, virtual goods and games, the popularity
of mobile applications, and the large number of unbanked customers who
have access to mobile phones, but not credit cards or bank accounts: With
over 1 billion applications served, the iPhone has changed how people use
and relate to their phones; The virtual goods and gaming market is worth
$8 billion today and growing; On Facebook, 200 million users can now
access 135 thousand virtual applications and games; The gap between the
banked and underbanked is large, with 4 billion mobile phones but only 2
billion bank accounts worldwide.

Watch a demonstration of how easy and safe it is to pay using BOKU.

About Boku

BOKU is creating the standard for online payments using your mobile
phone, making it easy to pay for digital goods and social experiences
across the web. With a strong focus on reliability and security, BOKU's
goal is to bring bank-grade payments technology and mobile users together
on the web, creating a trusted, viable and accessible market for
consumers, publishers and carriers alike. Based in San Francisco with
offices in Europe, Asia and Latin America, BOKU reaches over 1.6 billion
consumers worldwide, and is funded by leading Silicon Valley
entrepreneurs and venture capitalists Benchmark Capital, Index Ventures
and Khosla Ventures. For more information, please visit www.boku.com

Boku, Pay by Mobile, Paymo and Mobillcash are registered trademarks or
trademarks of Boku, Inc., and/or its subsidiaries. All other brand names,
product names, or trademarks belong to their respective holders. Boku
reserves the right to alter product offerings and specifications at any
time without notice.

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