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Payment solution company Wibmo acquires Mypoolin

Friday 16 March 2018 11:40 CET | News

Wibmo, a US-based payments company, has acquired peer-to-peer (P2P) payments company Mypoolin to build apps around the United Payment Interface (UPI).

Mypoolin had secured funds from Accel Partners, which backs Wibmo, along with Qualcomm Ventures, getting an investment of USD 250,000. It was initially backed by angel investors Rajan Anadan and Sharad Sharma, among others.

Accel Partners had invested in Wibmo’s Series-A round in 2009, when the US-based company was called enStage. Mypoolin will now operate as an Indian subsidiary of Wibmo.

Wibmo offers ecommerce authentication services, online and mobile payments, payment gateways, and recharge and bill payment services, building P2P payment features around UPI.


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Keywords: Wibmo, Mypoolin, US, India, United Payment Interface, online payments, mobile payments, ecommerce
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce






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