Russian Mobile Payment Startup uBank Raises $8M Series A From Runa Capital, Targets ?Global? Expansion

After co-investing in Mambu, a SaaS for alternative finance providers, earlier in the month, today sees Runa Capital fund another finance-related startup: An $8 million Series A round for uBank, a mobile payment service that currently targets Russia and the wider CIS region. The new capital will be used to "accelerate" product development and marketing, and for further global expansion. The startup is also planning to add new features to its mobile/web-based service such as enabling payments in caf?s and restaurants, and peep-to-peer money loans, along with developing apps for BlackBerry 10 and Windows Phone to add to its current support for Google's Android and Apple's iOS.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/keqSTD7ERjc/

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