Friday, April 11, 2008

Series B Closed - The $$$ is in the Bank!


Mpayy has just CLOSED a Series B round of financing. All private and institutional investors from the prior round participated in this round to maintain or increase their stakes in the company. Plus, we welcome new investors into the fold.

Mpayy will use this money to improve the look and feel of its front-end, broaden and increase its marketing program, and work with new ecommerce merchants to integrate what will become the new standard in payments into their websites.

On Monday, Mpayy will welcome a new VP of UI Engineering, and next Saturday, we will relaunch our site for Mobile Merchants who wish to take their stores on the road.

For now, we've finished the bottle of Dom, and moved onto the beer, and Monday, we will redouble our efforts for both commercial and consumer adoption.

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