Micropayment provider Yaga taken over by Bitpass

Filed in archive Venture Capital on January 5, 2006

As we report over Webpay's impressive round micropayment provider Yanca gives up and sells its assets to Bitpass:

"Micropayment company BitPass announced Thursday that it has acquired Yaga, a developer of payment services for digital content.

Menlo Park, Calif-based BitPass, which helps online merchants perform small-ticket transactions, declined to provide financial terms of the deal.

Micropayments are typified by the 99 cents that iTunes charges to download a song or the $2.99 users might see on their cingular Wireless phone bills after buying a custom ring tone."

Judging on the investment they both got Yaga should have been the bigger shark:

"Yaga had raised around $22 million in VC funding during 2000 and 2001, from firms like AltoTech Ventures, MVC Capital, InfoSpace.com and Barry Financial. BitPass has raised around $13.25 million in VC funding from firms like Worldview Technology Partners, Steamboat Ventures, RRE Ventures, First Data Corp., Garage Technology Ventures, Cardinal Venture Capital and Amicus Capital."