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August 16, 2012 10:44 pm GMT
It's a busy day in the mobile payments world and it's about to get busier: according to the New York Times, Braintree, the startup that powers the credit card payments systems of companies like OpenTable, Fab.com, AirBnB and Uber, just acquired Venmo, a company that lets you make and share payments your friends, for $26.2 million. Venmo's investors includeAccel Partners,Greycroft Partners,RRE Ventures,betaworks,Founder Collective,Dave Morin,Sam Lessin,Dustin Moskovitz,VaynerMediaandLerer Ventures. The company raised a $1.2 million seed round in 2010 and a Series A round in August 2011. The service only opened its door to the public in March 2012and has been growing quickly ever since.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/3SuPpQSvQB8/
Online Payments Service Braintree Acquires Social Payments Startup Venmo For $26.2M
It's a busy day in the mobile payments world and it's about to get busier: according to the New York Times, Braintree, the startup that powers the credit card payments systems of companies like OpenTable, Fab.com, AirBnB and Uber, just acquired Venmo, a company that lets you make and share payments your friends, for $26.2 million. Venmo's investors includeAccel Partners,Greycroft Partners,RRE Ventures,betaworks,Founder Collective,Dave Morin,Sam Lessin,Dustin Moskovitz,VaynerMediaandLerer Ventures. The company raised a $1.2 million seed round in 2010 and a Series A round in August 2011. The service only opened its door to the public in March 2012and has been growing quickly ever since.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/3SuPpQSvQB8/
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