Business
Receipt of final holdback payment re Boku Identity
Receipt of final holdback payment re Boku Identity.
About this update from Boku, Inc.
[{"type":"text","content":"\n\n6 September 2023\n \n \nBoku, Inc.\n(\"Boku\" or the \"Company\")\n \nReceipt of final holdback payment following divestment of Boku Identity to Twilio\nBoku (AIM: BOKU), a leading provider of mobile payment solutions, is pleased to confirm, further to its announcements on 19 January 2022 and 1 March 2022, the receipt of the final holdback payment of $5.6m in full and in cash from Twilio, for the purchase of Boku's Identity business, bringing the total transaction value to $32.3 million.\nEnquiries:\nBoku, Inc.\nJon Prideaux, Chief Executive Officer +44 (0)20 3934 6630\nKeith Butcher, Chief Financial Officer\nPeel Hunt LLP (Nominated Adviser and Broker) +44 (0)20 7418 8900\nPaul Gillam / Tom Ballard / James Smith\nIFC Advisory Limited (Financial PR & IR) +44 (0)20 3934 6630\nTim Metcalfe / Graham Herring / Florence Chandler\nNotes to Editors\nBoku Inc. (AIM: BOKU) is a leading global provider of mobile payment solutions. Boku's mobile-first payments network, including mobile wallets, direct carrier billing, and account to account/real-time payments schemes, reaching over 7.5 billion mobile payment accounts through a single integration.\n \nCustomers that trust Boku to simplify sign-up, acquire new paying users and prevent fraud include global leaders such as Amazon, Apple, Meta Platforms, Google, Microsoft, Netflix, Sony, Spotify and Tencent.\n \nBoku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in the US, India, Br...