Payfone has announced
the closing of its $11M Series B financing round with investments by Opus Capital, BlackBerry Partners Fund, and RRE Ventures. Bob Borchers of Opus Capital and Kevin Talbot of BlackBerry Partners Fund will join Payfone’s Board of Directors.
Payfone has built the world’s first and only mobile payments platform that leverages the capabilities of existing inter-operator networks. Designed from the backbone of the mobile operator network, Payfone uses signaling and global operator standards to deliver advanced payment and billing capabilities that meet the needs of today’s mobile ecosystem.
The Wall Street Journal has the backstory
on Bob Borchers role. Essentially, this is his first investment since leaving his position at Apple as Sr. Director of Worldwide Product Marketing for the iPhone.
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