Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on

Visit the Business Grant Funding.Net site

Business Grant Funding.Net
 
  • Koshla Ventures leads $16 million in venture capital for PayNearMe

    November 17th, 2010 No comments

    PayNearMe is a cash payment service, which used to be known as Kwedit. It recently grabbed $16 million in a new funding round, which brings the company to a total funding of $23.3 million. The funding round was led by Khosla Ventures and backed by August Capital, True Ventures and Maveron. With this occasion, Mark Britto known as the CEO of Boku will become a member of the board of directors.

    The services of the company are primarily aimed at consumers who at a certain time do not have access to credit cards and allows them to pay cash for online goods or services. As a user, you can pay by mailing cash or asking friends to pay for you. Now the company launches a new way of payment. A paperless and mobile one. The users can provide their phone numbers and purchase items. They can get a free PayNearMe card from a 7-eleven store and they can reply to a text message with the card`s unique number. The cash and the card are handed to the 7-eleven stores and the payee is instantly notified that the payment has been made.

    This method of payment has been tested before the launch and is now being integrated with Amazon, Progreso Financiero, m-Via, Lexicon marketing. Danny Shader, the CEO of the company says that this method of payment is steadily gaining popularity and he strongly believes in his product. There have been plenty of stories of success in this field so the business is viable and we may soon hear of an IPO or buy-out.

    The money that were received will be used to add new retailer payment locations and new services.

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 246,726 bad guys.

 

Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round


Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.


Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects


Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding


Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies


Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains


Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster


Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


 

By using this website you agree with our cookie policy