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Obopay company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
obopay.com

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Founded Year

2005

Stage

Series F | Alive

Total Raised

$145.76M

Valuation

$0000 

Last Raised

$8.76M | 10 yrs ago

About Obopay

Obopay is a mobile payment service in the US that lets consumers get, send and spend money from mobile phones. The Obopay management team is comprised of former executives from Visa International, Microsoft, Yahoo, Expedia, AT&T Wireless, Western Union, First Data Corporation, Norwest Bank and Chordiant Software.

Obopay Headquarter Location

350 Marine Parkway Suite 100

Redwood City, California, 94065,

United States

650-264-2000

Latest Obopay News

QubeHealth partners with OboPay to launch 0% Pre-Approved Medical Credit

Aug 24, 2021

QubeHealth, the fast growing, health-tech company, focused on disrupting the Out-of-Pocket medical Expenditure (OoPE), has partnered with OboPay, the global mobile payment solutions company to launch a 0% Interest, Collateral-Free, Pre-Approved Healthcare Credit Card for Employed Indians and their families. QubeHealth-Loans Card is a pre-approved ‘Interest-Free’ credit facility, available to any employed Indian to pay for any healthcare expenses for themselves and their family members across 11,000 hospitals, clinics, pharmacies and other health service providers in India. This covers OPD & IPD Expenses, Elective Procedures (dental, eye, cosmetic, assisted pregnancy & more), as well as pharmacy and any expense not covered in standard health insurance provided by employers. India has one of the highest Out-of-Pocket-Expenditure (OoPE) on healthcare in the world, at $45 Billion in 2015-2016 according to the National Health Account Estimates for India, 2018. ‘OoPE’ accounts for over 60% of India’s entire Healthcare Expenditure, with 7 out of 10 Indians not being covered under any health insurance or those with insurance, are under-covered. Powered by a physical and a digital, app-based card, registered Users – Employees of QubeHealth’s Corporate Clients, draw as much money as they need, to instantly pay for any medical emergencies or regular healthcare payments. It is as simple as swiping your Credit Card, except this is interest free and the User can pay in equal installments of up to 24 months. The product has been rolled out to a select group of 150 large companies employing over 1,50,000 people in India, as part of their Employee Health Benefits program and activated across 735 towns/cities. Chris George, CEO & Co-Founder of QubeHealth, says, “Employee-Healthcare is now center-stage conversation for Companies across India and HR teams have wanted to provide a comprehensive solution to their team’s families as they navigate their way through the pandemic. By facilitating emergency healthcare funds on tap, at no cost of capital, Employees will now have the flexibility to make better healthcare choices and augment any company-paid health insurance.” Shailendra Naidu, CEO of OboPay, says, “We are excited to partner with QubeHealth in their journey to provide timely and much needed healthcare credit to millions of employees in India. Our platform enables users to have simple and easy to use interfaces with all the added benefits of speed, safety and security while transacting online and offline. With our technology and market understanding, we are participating in QubeHealth’s vision of providing on-tap access to funds specially during medical emergencies” Built on OboPay’s global payment processing capabilities, both companies are focused on providing a friction-free experience to the healthcare spender and are aiming to on-board 100,000 Users within the next 6 months, with an average credit line of INR. 6 Lakhs Per User. About QubeHealth: QubeHealth is a neo-healthcare technology platform with a vision to power ‘Healthcare-Commerce’ for 300 million Employed Indians. Offering embedded finance, insurance and healthcare providers into one great customer experience, QubeHealth is on a mission to help Indians take control of their healthcare. Headquartered in Mumbai, Qube works with over 150 large corporates across India, managing health for over 150,000 employees and supported by a network of 11,000 hospitals, clinics and other healthcare providers. QubeHealth is funded through investments by Inflection Point Ventures, Keiretsu, Mohit Burman (Dabur Family office) and other well-known investors. About OboPay: OBOPAY is a global mobile payment solutions company offering payment products, solutions, services and business consulting to companies in 11 plus countries and 3 continents. OBOPAY was named as one of the 50 most innovative companies in the world by MIT Technology in 2010, under TR50 awards platform and the only financial services provider in the world to be named Technology Pioneer 2010, under the World Economic Forum.

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Expert Collections containing Obopay

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Obopay is included in 2 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

F

Fintech

26,163 items

US-based companies

Obopay Patents

Obopay has filed 3 patents.

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Application Date

Grant Date

Title

Related Topics

Status

3/30/2007

9/10/2013

Enterprise application integration, Enterprise architecture, Java platform, Online auction websites, Multiplexing

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Application Date

3/30/2007

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Grant Date

9/10/2013

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Related Topics

Enterprise application integration, Enterprise architecture, Java platform, Online auction websites, Multiplexing

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Status

Grant

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Obopay Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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