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Papaya raises $50m in Series B funding

Los Angeles based mobile bill payment startup raised $50m in Series B funding led by Bessemer Venture Partners.

“People back home were surprised to find out we didn’t have the same capabilities here,” Kann said. “In this respect, the U.S. has been an anomaly, with only 3% of bills being paid by a mobile device. We saw a huge business opportunity with mobile bill payments.”

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payments