Danal

Danal

Innovative mobile transaction and customer conversion services to enhance user experience and reduce abandonment rates.

Founded 2006 Private Equity Total: $14.50M Information Technology, Internet +1

Danal is a pioneering company that specializes in innovative mobile transaction and customer conversion services. Operating as a subsidiary of Danal Corp of Korea, the company is renowned for its advanced mobile transaction risk management services and customer conversion solutions, aimed at reducing customer abandonment rates during registration and checkout processes. Headquartered in San Jose, California, Danal received significant backing from its majority shareholder, Danal Co., Ltd of Seoul, South Korea. Notably, Danal Co. introduced Direct Carrier Billing (DCB) technology in Korea, Taiwan, and China back in 2000. The company's impressive rise caught the attention of Morgenthaler Ventures, leading to its participation in Danal's $9.5 million Series A funding round in 2007. Subsequently, Danal Co. strengthened its position by securing a direct carrier payment connection with Verizon Wireless in 2010, resulting in an increased equity stake and majority ownership. In March 2012, Danal made a strategic move by forging a marketing agreement with Discover, with an objective to drive market-leading innovation in the Omni Commerce sector covering online, mobile, and retail channels. The company's journey took an exciting turn when Bango acquired Danal Inc. in May 2016. Furthermore, Danal's most recent investment came in the form of a Private Equity Round investment on 28th April 2018, with Experian Ventures emerging as the key investor. With a strong foothold in the Information Technology, Internet, and Mobile industries, Danal exemplifies a promising venture offering innovative solutions at the intersection of finance and technology.

Funding Stage	Amount	Investors	Lead Investors	Date
Private Equity Round	Undisclosed	1	Experian Ventures	28 Apr 2018
Venture Round	$5.00M	-		31 May 2013
Series A	$9.50M	1	Morgenthaler Ventures	01 Jun 2007

Funding Stage

Amount

Investors

Lead Investors

Date

Private Equity Round

Undisclosed

Experian Ventures

28 Apr 2018

Venture Round

$5.00M

31 May 2013

Series A

$9.50M

Morgenthaler Ventures

01 Jun 2007

FAQ About Danal

Innovative mobile transaction and customer conversion services to enhance user experience and reduce abandonment rates.

Danal was founded in 2006.

Danal operates in Information Technology, Internet and Mobile. Its work centres on Mobile transactions, Direct Carrier Billing, Financial technology and Risk management.

Danal has completed 3 funding rounds, raising a total of $14.50M. The latest funding stage is Private Equity.

Top alternatives and competitors to Danal include Siru Mobile, Guidance, Yoyo, LOC Software, Rapond . These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Danal and Siru Mobile are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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