American digital micro-transaction firm gets backing of assorted venture capitalists

Series B funding boost for PlaySpan

Californian digital payment and micro-transaction firm PlaySpan has secured $16.8 million in series B funding, bringing the total investment in the firm to $24 million.

The funding has come from a number of venture capitalist firms including Easton Capital Group, Menlo Ventures, Novel TMT Ventures and STIC. PlaySpan says it will use the investment to expand its business into Europe and Asia.

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