Austin mobile payment company adds $1.4M funding
Mobile payment software maker SimplyTapp Inc. reported completing a $1.4 million financing.
- Christopher Calnan[1]
- Staff Writer- Austin Business Journal
- This email address is being protected from spambots. You need JavaScript enabled to view it.[2] | Twitter[3]
Mobile payment software maker SimplyTapp Inc. reported completing a $1.4 million financing.
The Austin-based company collected the capital from four investors, according to a Friday filing[4] with the U.S. Securities and Exchange Commission[5].
SimplyTapp, which launched earlier this year as NewBoat Technologies Inc., developed a near-field communication application designed to enable users to make transactions with smartphones. It was founded by CEO Douglas Yeager[6] and Ted Fifelski[7].
Yeager was previously the founder and CEO of TradeWind Technologies LLC, a Tennessee-based developer of radio frequency identification, or RFID, readers. In 2006, the company was acquired by Canada-based Sirit Inc. in a deal worth CDN $1.7 million.
Fifelski is a financial analyst for a technology valuation firm, at which he specializes in research and trend analysis, according to the SimplyTapp website.
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References
- ^ Christopher Calnan (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ according to a Friday filing (www.sec.gov)
- ^ U.S. Securities and Exchange Commission (www.bizjournals.com)
- ^ Douglas Yeager (feeds.bizjournals.com)
- ^ Ted Fifelski (feeds.bizjournals.com)
- ^ Subscribe to the Energy Inc. newsletter (www.bizjournals.com)