Micropayments company Paymo has secured $5 million in seed financing, “provided by prominent angel investors in the United States and Europe”. Paymo connects online merchants with mobile phones, letting payments be made to the phone bill — it touts the ability for online merchants to reach any consumer with a mobile phone in any country. The funding will be used to accelerate product development and marketing (release).
Paymo Secures $5 Million in Seed Financing
Summary:
Micropayments company Paymo has secured $5 million in seed financing, “provided by prominent angel investors in the United States and Europe…
isn't this space pretty crowded & fragmented already? Are they setting themselves up for sale from the formerly agile Paypal…?
crowded/fragmented – Kinda. But, room for growth? Definitely. Where are they looking to expand internationally? India is a huge opportunity.