Cambridge-based Bango has bought the payments company that collects subscriptions Sony, DAZN and Paramount+.
The deal to acquire the payments division of Japanese mobile operator NTT Docomo could double the amount of money spent via Bango to an annual $7.5 billion.
It already handles payments for Netflix, Britbox and YouTube, as well as Spotify, Amazon and Google.
The deal also includes a multi-year agreement for Docomo to use the Bango Platform for payment processing.
Bango CEO, Paul Larbey, said the acquisition would strengthen its our position as a world leader in data-driven commerce. “The decision by NTT DOCOMO to transfer its global payments business to Bango is a major endorsement of our technology in the fast-growing digital economy.”
The move is being funded by Bango strategic partner and shareholder, NHN Corporation through a $10M three-year term loan.
