Obopay lands $29M in Venture Capital funds

Obopay is another mobile payment service provider claiming to offer the most advanced payment services on the market today.

Carol Realini, CEO of Obopay, recently reported the close of a third round of venture financing for $29 million.

Richmond Management LLC, led the round. Current investors also pitched in - these included - Qualcomm and Redpoint Ventures.

New investors in the deal were financial service providers Citi and Société Générale.

Obopay's new financing will be used for branding and marketing efforts. They also want to engage more partnerships to roundout their service offerings to remain competitive in this ever-changing tech-sector..