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Micropayment provider Yaga taken over by Bitpass

Filed in archive Venture Capital by tj on January 05, 2006

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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 cingularlinks 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."


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Related Entries:

women try harder... - 15 June 2004

bitpass with second round - 08 September 2004

Thinking about recruiting - 18 August 2005

TPI Index - Service Provider Diversity - 17 January 2007

Questions for Your Provider - 01 August 2007

Storage for pennies - 12 October 2007

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