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Mobile Payments

Citi Ventures makes strategic investment in Billing Revolution

Wednesday 22 June 2011 | 12:45 PM CET

Citi Ventures, a unit of global financial services company Citigroup, has recently made a strategic investment in US-based mobile payments startup Billing Revolution.

Citi Ventures’ investment follows its sponsorship last year of Billing Revolution’s Single-Click Checkout, a cross-platform, low-friction mobile billing service.

In recent and related news, Billing Revolution announced a USD 6.6 million Series B funding round from capital venture firmsDCM and SK Telecom Ventures. Launched in 2008, the startup offers a single-click billing and payment service for transactions on mobile phones, including Android-powered devices and the iPhone.

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