Danal

About

Danal, Inc. is a subsidiary of Danal Corp of Korea. Danal’s Mobile solutions platform offers financial institutions and major retailers groundbreaking mobile transaction risk management services, and streamlined, customer conversion solutions that lower customer abandon rates during registration and checkout. Danal in the US is headquartered in San Jose, California. Its majority shareholder, Danal Co., Ltd (Seoul, South Korea), pioneered Direct Carrier Billing (DCB) technology in Korea, Taiwan and China in 2000. An additional shareholder, Morgenthaler Ventures, also participated in Danal’s $9.5 million Series A investment in 2007. After announcing its first direct carrier payment connection with Verizon wireless in 2010, Danal Co. purchased additional equity in Danal to take a majority ownership position. In March 2012, Danal entered a marketing agreement with Discover to enable the two companies to drive market-leading innovation and value in a rapidly-evolving Omni Commerce [acro

Investment Focus

Location

San Jose, US