Mobile Payments Firm Obopay Gets a Big $29 Million In Third Round

Obopay, the Redwood City, CA-based mobile payments companh, has received a big $29 million in its third round of funding. This round was led by Richmond Global Cellular, an affiliate fund of Richmond Management, and all current investors, including Qualcomm and Redpoint Ventures, participated. New investors included AllianceBernstein L.P., Citi, Societe Generale, and others.

The company, launched as a public service last year, will use these funds to expand its consumer service. Its payment solutions that allow consumers, merchants, banks and carriers to develop mobile payment services, and it works with Verizon Wireless, Citi, and America Online. More here.