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Article: Bling Nation Secures $20 Million in Series B Funding.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Bling Nation[R], a mobile payments provider, announced it has secured $20 million in Series B funding. The round was led by new investor Balderton Capital, with additional funds raised primarily from existing investors, including Lightspeed Venture Partners, who led the company's Series A financing round. In connection with the transaction, Bling Nation has also added Roberto Bonanzinga, partner at Balderton Capital, to the company's board of directors.
Founded in 2007, Bling Nation enables consumers to pay merchants with the tap of a mobile phone instead of using a costly credit card or cash. In addition to consumer convenience, merchants reduce interchange ...