Tuesday, August 18, 2009

Payment Start-ups with funding in 2009

The financial crisis has increased the interest in "alternative payment" start-ups as consumers (particularly younger generation), merchants, and financial institutions are now more receptive to new payment methods that help cut costs. Further driving this is a shift away from "pay-later" to "pay now" alternatives, increase in mobile commerce and micro-payments.

According to the VCJ, more than a dozen payment start-ups have raised over $200 million in VC funding.

Here's a list of start-ups that have received funding in 2009:
1) Bling Nation
2) 99Bill Corp.
3) GreenDot
4) PayDay One
5) Xoom
6) Vindicia
7) Obopay
8) Century Payment
9) Acculynk
10) enStage
11) FSV Payment Systems
12) Boku
13) OneTxt
14) Revolution Money
15) PaymentOne

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