PlaySpan

PlaySpan
Private
Industry Payments
Fate Acquired by Visa Inc.
Founded 2006
Headquarters Foster City, California, USA
Area served
 Worldwide
Products UltimatePay
Parent Visa, Inc.
Website www.playspan.com

PlaySpan is a payments company whose payments platform handles transactions for digital goods in online games, digital media, and social networks around the world. The company allows merchants to monetize their content using a broad suite of payment and commerce-related solutions in fraud, risk management, analytics, merchandizing and global payment connectivity.[1]

Company History

PlaySpan was founded in 2006 by Karl Mehta. In July 2008, PlaySpan acquired Internet Payment Solutions, an alternative payments company,[2] and in April 2009, PlaySpan acquired Spare Change Payments, a social media payments company.[3]

The company received a total of $46 million in funding from investors Easton Capital, Menlo Ventures, Novel TMT Ventures, Silicon Valley Bank Capital, STIC Investments, Softbank, Vodafone, and GE Asset Management.[4]

In March 2011, Visa Inc. acquired PlaySpan for $190 million in cash + earn-outs over 2 years, amounting to approximately $240 million in total purchase consideration.[5]

References

  1. ↑ "Visa to Acquire PlaySpan". Retrieved 6 July 2013.
  2. ↑ "PlaySpan acquires PayByCash". Retrieved 6 July 2013.
  3. ↑ "PlaySpan Acquires Spare Change – Combining Forces to Monetize Social Game". Retrieved 6 July 2013.
  4. ↑ "Visa, Inc. Press Release on PlaySpan Acquisition". 02-09-2011. Check date values in: |date= (help)
  5. ↑ "Visa to buy PlaySpan for $190 million". Reuters. 02-09-2011. Check date values in: |date= (help)
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