Mobile Payment Startup uBank Raises US$8 Million from Runa Capital (CEE and CIS)
Source: Runa Capital
Russian venture capital firm Runa Capital has invested US$8 million in Series A funding in uBank, a Russian developer of payment services for mobile devices. The service allows users to pay bills and transfer funds from smartphones or personal computers. uBank plans to expand its coverage to other CIS countries and to support international payments; the funding will be used to expand product development and increase marketing in Russia, the CIS and abroad.