Danal Raises $9.5 Million for Mobile Payments

  • Posted By:
  • 0 Comments... What do you have to say?

Danal Raises $9.5 Million for Mobile Payments
June 22, 2007

Danal raises $9.5 Million for a mobile phone payment solution from Morgenthaler Ventures.

What does Danal do?

Danal has a mobile phone payment solution.

VCU says:

Danal’s BillMobile solution allows you make a purchase at a website to your mobile phone bill. You may charge almost anything at websites to your mobile phone bill quickly.

Part of the lure is that you do not have to go through any time-consuming signups on the website, as long as you can receive text messages you can use the service. Each transaction takes seconds to complete and is stated to be more secure than online credit cards.

Essentially you charge your online transactions to your mobile phone bill and pay for them when you get your monthly statement.

Danal’s solution is currently implemented by over 16,000 online merchants in Korea.

Take a look at Danal.




Read more about Morgenthaler Ventures here.


See an Error? Contact Us

What do you think? Join the discussion...

You must be logged in to post a comment.

venture capital update google plus page Get updates on Google Plus
venture capital update on facebook Get updates on Facebook
venture capital update on twitter Follow fundings on Twitter
venture capital update on pinterest Visit our Pinterest Page

Subscribe here
TwitterCounter for @longest

Follow here

Venture Capital News


Site Information

    About: I work at Phase One Accelerators and you can find me on and at Brian Longest on LinkedIn.

    Share Us on