PlaySpan using $18 Million investment for expansion

Virtual Goods company PlaySpan received $18 Million in venture capital financing from Vodaphone Ventures and Softbank Bodhi Fund. Articles and anlysis from:

Gamasutra ” The company’s monetization solutions have been implemented in more than 1,000 online games, social networks, and online videos.”

VatorNews Among the offerings provided by PlaySpan include UltimatePay, which incorporates over 85 payment methods through a simple and accessible user interface.  Through UltimatePay, users can expand their markets through Ultimate Game Card, the world’s first prepaid game card, and UltimatePoints, which provides for one-click in-game payments and handles transactions as small as $0.01.”

Forbes ” The Silicon Valley-based PlaySpan was founded in 2006. Its other co-founder, Mehta’s son Arjun, was in 5th grade when they started the company (that’s going to look great on his application to Harvard).”

Helium provides a very good article about how PlaySpan was created.

In 2007, Venture capital publication, “Venture Beat” reported that “Arjun Mehta, a 6th grader, said on his website that he is passionate about software that can make the game experience more “rewarding,” and that he started the company last year in his garage.

PRWeb (Press Release)

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Filed under Facebook, Facebook Credits, Playspan, social games, virtual currency, virtual goods

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