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Boost Mobile Payment Buy subscription MobilePay app receives $8.5m in funding from US banks, VCs, media outlets

MobilePay app receives $8.5m in funding from US banks, VCs, media outlets

MobilePay is a mobile payments platform that allows users to purchase mobile phones and make payments with cash, bitcoins and other cryptocurrencies.

The company has raised $8 million in venture funding, led by Softbank, from a list of more than 30 US banks and media outlets, according to a post on the company’s website. 

Dostv, which has a presence in Russia, is backed by Andreessen Horowitz, the investment firm founded by Peter Thiel.

Dostov also has partnered with several media outlets including The Wall Street Journal, The Financial Times, The Wall Streets Reporter and the Wall Street Report.

Dastv is also working on a new mobile payment platform for the Chinese market, with a launch planned for this month, according the company.DESTV has raised a total of $3.7m from a number of investors, including a large Chinese investment fund. 

The firm is working on developing a payment platform in the US, which would allow users to pay for items with bitcoin, as well as other cryptocurrencies, according Dostv. 

There is a separate company, Dastv Mobile Payments, which is developing the platform in Russia.

The new funding follows on from a recent $5.5 million raised from Softbank and others, which also included a Chinese investment, according a post in the company blog. 

“This funding will enable Dastav to pursue the growth of its product in the United States, the fastest growing region for mobile payments globally,” the blog post said.

“The funding will allow us to continue to expand our business and continue developing our products and services to provide customers with a more convenient, faster, and cost-effective solution to pay.”

Dastav, which says it is the “world’s largest mobile payment solution”, operates on a network of more 1.5 billion people. 

Its app is used by over 50 million people in China, and more than 2.6 billion people around the world.

It also has partnerships with the likes of the US media outlets The Wall St. Reporter, the Financial Times and the Financial News Network.DASTV, which was founded in 2017, has been working on mobile payments since 2018. 

It was founded by Andreov, who is also a co-founder of Tencent Holdings, a company that also owns the mobile messaging app WeChat, and former PayPal CEO David Marcus. 

Marcus, who was also recently the CEO of Google, is Dastiv’s investor. 

In 2017, Dostav was acquired by Alibaba for $1.4 billion, a move that is thought to have been a sign of the company being on the rise. 

According to the company, it has now raised over $1bn in venture capital. 

As of last year, DASTV had more than 1,500 users and more that 1.6bn mobile phones.

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