BOKU BOKU INC.

Boku Inc Announces Plans to Extend Boku Identity to over 60 Countries in 2019

Boku Inc Announces Plans to Extend Boku Identity to over 60 Countries in 2019

End-to-end identity verification solution unifies tokenized identification with Boku Inc’s global network of over 180 mobile network operators

SAN FRANCISCO, May 21, 2019 (GLOBE NEWSWIRE) -- Today, Boku Inc (AIM: BOKU), the world’s leading independent carrier commerce and identity verification company, announced a global expansion for Boku Identity, extending its identity verification capabilities to over 60 countries in 2019. Boku Identity is trusted by leading Fortune 500 companies and has already performed over one billion user authentications across North America, Western Europe, and Asia.

Boku Identity is powered by the Boku Platform, which aggregates and harmonizes mobile network operator systems across 58 countries worldwide. By combining the Boku Platform with identity verification and authentication capabilities from Danal Inc, Boku Identity helps global enterprises across multiple industries effectively reduce identity fraud, drive conversions, ensure compliance, and deliver a superior customer experience.

As the global digital economy continues to shift towards a mobile-first world, the need for companies to provide their users with a frictionless authentication experience has become a key pre-requisite to successfully scale their businesses. Boku Identity’s privacy-by-design and tokenized identity architecture enables global businesses to onboard and service their customers worldwide while maintaining security and user privacy.

“With Boku Identity’s global expansion, Boku continues our mission of simplifying mobile interactions between people and businesses worldwide,” said Jon Prideaux, CEO, Boku Inc. “We have carefully designed Boku Identity to provide companies flexibility in their authentication processes, empowering them with control and transparency so they never have to compromise between the security of their business operations and delivering an exceptional customer experience.”

Boku Identity is currently live in the United States and the United Kingdom, with identity verification capabilities in 42 markets and plans to extend verification coverage to more than 20 additional markets in 2019.

To learn more about Boku Inc and Boku Identity, please visit:

About Boku Inc.

Boku Inc. (AIM: BOKU) is one of the world’s leading providers of carrier commerce and mobile identity solutions. Boku's technology platform, which is linked to more than 170 mobile network operators worldwide, verifies user identity, executes payments, and provisions new services, simplifying daily mobile interactions between consumers and digital organizations.

Boku's technology platform is used in over 58 countries with over 650 million verified transactions in 2018, contributing $3.6 billion to the digital economy. Businesses that currently employ Boku’s platform to simplify sign-up, acquire new paying users and prevent fraud include global leaders such as Apple, Discover, Experian, Facebook, Fiserv, Google, Microsoft, Netflix, Paypal, Sony, Spotify, Uber and Western Union.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in various locations globally including in the US, Mumbai, Munich, Beijing, Paris, Sao Paulo, Singapore, Taipei, and Tokyo.

To learn more about Boku Inc., please visit:

Contact:

Jeff Fisher

Global Director, Brand Marketing & Communications

EN
21/05/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on BOKU INC.

 PRESS RELEASE

Edison issues outlook on Boku (BOKU): Making the complex simple for gl...

Edison Investment Research Limited Edison issues outlook on Boku (BOKU): Making the complex simple for global merchants 20-March-2024 / 14:37 GMT/BST The issuer is solely responsible for the content of this announcement.   London, UK, 20 March 2024   Edison issues outlook on Boku (BOKU): Making the complex simple for global merchants Boku’s strategy to widen its offering within the local payment method (LPM) market accelerated FY23 revenue growth to 30%, with 15% growth from the core direct carrier billing (DCB) business and supplemented by 153% growth from eWallets and real-...

Richard Williamson
  • Richard Williamson

Boku - Making the complex simple for global merchants

Boku’s strategy to widen its offering within the local payment method (LPM) market accelerated FY23 revenue growth to 30%, with 15% growth from the core direct carrier billing (DCB) business and supplemented by 153% growth from eWallets and real-time payments. EBITDA grew 27% y o y as the company continued to invest in building out its LPM network from a technological and regulatory perspective. With all major merchants using or planning to use Boku’s wider portfolio of payment methods, the comp...

Richard Williamson
  • Richard Williamson

Boku - Upgrading on strong finish to FY23

Boku expects to report FY23 revenue and adjusted EBITDA ahead of our and consensus forecasts, helped by strength from both the core direct carrier billing (DCB) business and rapid growth in adoption of local payment methods (LPM). The strong finish to FY23 highlights positive momentum going into FY24 and we have upgraded our forecasts, with adjusted EBITDA up 7.6% for FY23, 5.3% for FY24 and 4.8% for FY25.

Richard Williamson
  • Richard Williamson

Boku - Upgraded outlook for FY23

Boku reported H123 revenue growth of 26% y-o-y to $38.2m, with a growing and now material contribution from local payment methods (LPMs). Adjusted EBITDA was 28% higher and the margin expanded by 0.7pp, as upside from higher revenues was partially offset by further investment to support LPMs. We have revised up our forecasts to reflect faster growth in total payment volumes (TPV) partially offset by higher investment in Boku’s payments network.

Richard Williamson
  • Richard Williamson

Boku - Strong H1 drives upgrades

Boku saw strong growth in total payment volume (TPV) in H123 translating to revenue growth of at least 24% (31% constant currency) and EBITDA growth of at least 25%. Local payment methods (LPMs) were a key driver of growth, pushing up the take rate to 0.76% and contributing 19% of revenue. The company also announced that CEO Jon Prideaux will be stepping down from his role at the end of the year; his successor will be Stuart Neal, who was previously CFO of Boku, providing continuity and decades ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch