uBank Raises $8M from Runa Capital
Summary
uBank, a Moscow, Russia-based mobile payment startup, raised $8m in funding from Runa Capital.The company intends to use the capital for product development and marketing in Russia, and CIS and for the further global expansion.Founded in 2011 by Laura Ashizheva, uBank is developing a mobile payment application (iOS and Android) that allows private individuals to pay for their phone, home internet, cable TV, and other bills and transfer funds right from their mobile devices or PCs.The application allows to attach several credit cards of different banks and use them as sources of funds.The company is currently developing apps for BlackBerry 10 and Windows Phone.
Funding
Amount
$8.0M
Total raised
Date
February 25, 2013
Announcement date
Investors
Runa Capital
Lead investors
Company
http://ubank.ru
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
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