PlaySpan
| Company type | Private |
|---|---|
| Industry | Payments |
| Founded | 2006 |
| Fate | Acquired by Visa Inc. |
| Headquarters | , |
Area served | Worldwide |
| Products | UltimatePay |
| Parent | Visa, Inc. |
| Website | www.playspan.com |
PlaySpan is a payments company whose payments platform handles transactions for digital goods in online games, digital media, and social networks around the world. The company allows merchants to monetize their content using a broad suite of payment and commerce-related solutions in fraud, risk management, analytics, merchandizing and global payment connectivity.[1]
Company History
PlaySpan was founded in 2006 by Karl Mehta. In July 2008, PlaySpan acquired Internet Payment Solutions, an alternative payments company,[2] and in April 2009, PlaySpan acquired Spare Change Payments, a social media payments company.[3]
The company received a total of $46 million in funding from investors Easton Capital, Menlo Ventures, Novel TMT Ventures, Silicon Valley Bank Capital, STIC Investments, Softbank, Vodafone, and GE Asset Management.[4]
In March 2011, Visa Inc. acquired PlaySpan for $190 million in cash + earn-outs over 2 years, amounting to approximately $240 million in total purchase consideration.[5]
References
- ^ "Visa to Acquire PlaySpan". Retrieved 6 July 2013.
- ^ "PlaySpan acquires PayByCash". Retrieved 6 July 2013.
- ^ "PlaySpan Acquires Spare Change – Combining Forces to Monetize Social Game". Retrieved 6 July 2013.
- ^ "Visa, Inc. Press Release on PlaySpan Acquisition". 02-09-2011.
{{cite news}}: Check date values in:|date=(help) - ^ "Visa to buy PlaySpan for $190 million". Reuters. 02-09-2011.
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External links
- PlaySpan (Company Website)
- PlaySpan on CrunchBase