Details

  • Company Type For Profit
  • Contact Email info@paymo.com

Paymo is a mobile payments network that allows consumers anywhere in the world to buy online and pay with their mobile phone. Paymo is currently available in more than 50 markets around the globe, enabling mobile payments to over 1.5 billion consumers in Europe, North and South America, the Middle East, Africa and Asia.

For merchants — Paymo

increases revenues, allowing hundreds of millions of new customers who do not have or do not want to use a credit card to buy products and services online. Paymo handles all the user billing, provides a simple electronic confirmation of the purchase and settles in the merchant's chosen currency. Paymo's conversion rates are up to 10X better than traditional payments.

For consumers — Paymo provides an easy, fast and safe way to pay online. A customer doesn't need a credit card or a bank account, and they don't need to register. Simply by entering a mobile phone number and replying to a text message, a user can make a purchase. The charges are deducted from a pre-paid balance or appear on a monthly cell phone bill.

Lists Featuring This Company

Closed West Coast Companies (Top 10K)
9,944 Number of Organizations • $143.9B Total Funding Amount • 26,714 Number of Investors
San Francisco Companies that Exited
3,066 Number of Organizations • $210.3B Total Funding Amount • 15,735 Number of Investors
Closed West Coast Mobile Companies
2,197 Number of Organizations • $13.3B Total Funding Amount • 4,208 Number of Investors
Closed Western US Mobile Companies
2,426 Number of Organizations • $13.9B Total Funding Amount • 4,371 Number of Investors

M&A Details

on Jun 2009.

Frequently Asked Questions

Where is Paymo's headquarters? Paymo is located in San Francisco, California, United States.How much funding has Paymo raised to date? Paymo has raised .When was the last funding round for Paymo? Paymo closed its last funding round on Aug 1, 2008 from a Seed round.Who are Paymo's competitors? Alternatives and possible competitors to Paymo may include AerPassZipPay, and Text2Pay.