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February 5, 2013 11:00 pm GMT

Ribbon Raises $1.6M From Tim Draper & Others, Launches New Way To Take Payments Directly In The Facebook News Feed

ribbon-logo-2The recently launched,AngelPad-backed payments startup calledRibbonis today introducing new functionality that allows users to buy from merchants and other sellers directly in the Facebook News Feed. In addition, the company is confirming the close of its $1.6 million seed round, led byTim Draper's Draper Associates. Participating in the round wereSiemer Ventures, Emil Michael (Klout COO), Naguib Sawiris, Winston Ibrahim (Hydros) and MicroVentures.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8bJM-j9qCy0/

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