Fully Focused on Payments
Boku is a mobile payments company that allows businesses to collect online payments through both carrier billing and mobile wallets. Boku expects to report revenue growth of 22% and EBITDA growth of 31% y-o-y. The company has also agreed to sell its loss-making Identity business for $32.3m in cash to focus on the opportunity in its Payments business. The disposal boosts Boku’s profitability, improves the visibility of the high-margin Payments business and provides cash that can be used to invest in its mobile first (M1ST) payments network.