Payments company BitPass swallows up Yaga
The check was signed and handed over yesterday (Wednesday), and already the Yaga brand and Web site have been subsumed into BitPass.
BitPass is among a handful of companies, including Peppercoin, hoping to get scale in the still emerging micropayments industry, where transactions are measured in cents and individual dollars. BitPass has taken two rounds of funding, the latest in the fall of 2004, when it raised $11.75 million from Worldview Technology Partners, Steamboat Ventures (the venture capital arm of the Walt Disney Co.), RRE Ventures and others. Prior to that, it had raised $1.5 million from Garage Technology Ventures, Cardinal Venture Capital, Amicus Capital and Constantine Partners.
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