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December 11, 2013 10:20 pm GMT

Mobile Payments Startup Loop Closes $10 Million Series A, Starts Shipping Fobs To Early Backers

lp-fob-all-diagonalNew mobile payments startupLoophas closed on $10 million in Series A funding, in what's being described as an "oversubscribed" angel round involving undisclosed investors. The company, which is working to build both smartphone fobs and cases that allow you to pay at point-of-sale by emulating a magstripe credit card swipe, had previously said that they were raising the A round from the same group of angels who had invested in the founders' previous companies.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EqH50QWeDGM/

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