Receipt of final holdback payment re Boku Identity

Boku Inc

06 September 2023

 

6 September 2023

Boku, Inc.

("Boku" or the "Company")

Receipt of final holdback payment following divestment of Boku Identity to Twilio

Boku (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.

Enquiries:

Boku, Inc.

Jon Prideaux, Chief Executive Officer                                                                                 [phone]

Keith Butcher, Chief Financial Officer

Peel Hunt LLP (Nominated Adviser and Broker)                                                             [phone]

Paul Gillam / Tom Ballard / James Smith

IFC Advisory Limited (Financial PR & IR)                                                                           [phone]

Tim Metcalfe / Graham Herring / Florence Chandler

Notes to Editors

Boku 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.

Customers 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.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in the US, India, Brazil, China, Estonia, France, Germany, Indonesia, Japan, Singapore, Spain, Taiwan and Vietnam.

To learn more about Boku Inc., please visit: https://www.boku.com

 

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