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Micropayments Processor Peppercoin Raises $8 Million

Authored by Mark Hefflinger on August 17, 2005 - 9:07am.
Waltham, Mass. -- Peppercoin, a provider of online micropayment processing services, announced on Wednesday that it has raised $8 million in venture capital financing. Wall Street Technology Partners led the investment round; previous investor Pod Holding, a Boston-based institutional investor, and several private individuals also participated. The company additionally announced that it has named current president Mark Friedman to the additional role of CEO. Massachusetts-based Peppercoin provides online payment processing for small transactions, for companies including digital music services Mashboxx, Peer Impact and myMPO. The company will use the funds to aid in the roll out of "several advanced capabilities in coming months which enable a blend of prepaid, subscription, pay-as-you-go and post-paid merchant offerings," said CEO Mark Friedman.
http://www.peppercoin.com/press/pressreleases/2005/0817.shtml
tags: Deals | VC | Peppercoin | Micropayments |



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