# Wibmo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wibmo

- Industry: Software
- Headquarters: Cupertino, US
- Website: www.wibmo.co
- Total disclosed funding: $1.5M
- Latest round: Series B (May 11, 2009)
- Investors on record: 1

## About

Wibmo Inc. delivers advanced payment processing solutions tailored for banks and fintech companies, facilitating secure transactions and enhancing user experience across multiple regions.Wibmo Inc. provides integrated payment solutions that streamline financial transactions. Founded in 1999 and headquartered in Cupertino, US, the company has engaged in five investment deals. Suresh Rajagopalan serves as the CEO. In April 2019, PayU acquired Wibmo for USD 70 mn, marking a significant milestone in its operational trajectory.Wibmo Inc. specializes in providing a comprehensive suite of payment processing solutions aimed at banks and fintech companies, enabling them to optimize transaction management and enhance customer experience. The core product offerings include the Areion Payment Gateway, which facilitates secure online transactions, and the Token Hub, which supports multi-network, multi-issuer tokenization, ensuring data security during transactions. Additionally, the company offers Trident FRM for real-time fraud detection and Tridentity for multi-factor payment authentication. These services cater to a diverse clientele across more than 30 countries, focusing on the African, Asian, and European markets. Wibmo’s technology solutions aim to address key issues such as transaction security, speed of customer onboarding, and the need for seamless payment experiences for end users, ranging from individual consumers to large corporate clients.Wibmo’s revenue generation model is structured around transaction-based fees collected from its clientele, which includes banks, fintechs, and various enterprises utilizing its payment solutions. The company engages in partnerships with these entities, facilitating a range of services from direct-to-consumer transactions to B2B arrangements. For example, financial institutions implementing the Areion Payment Gateway may incur fees based on transaction volume, while customers utilizing the Token Hub benefit from enhanced security features, ensuring transactional integrity. The pricing plans are tailored to the specific needs of each client, reflecting the value-added services provided, such as fraud detection and customer onboarding solutions. This comprehensive approach to pricing and service delivery positions Wibmo as a key player in the payment processing sector, driving innovation and customer satisfaction in financial transactions.Wibmo has outlined plans to enhance its product offerings, with new solutions currently in development, although specific release dates have not been disclosed. The company aims to expand its presence in the Asian, African, and European markets by the end of 2021, leveraging its recent acquisition funding of USD 70 mn from PayU to support these initiatives and strengthen market penetration.

## Funding rounds

- Series B, May 11, 2009, $1.5M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series B