728_header.jpg (23748 bytes)
 EB Blog 
 AB Blog 
EcommerceBytes-NewsFlash, Number 2290 - May 19, 2010 - ISSN 1539-5065    2 of 3

Facebook Ecommerce-Solution Payvment Gets Funding

By Ina Steiner
May 19, 2010

Email This Story to a Friend

Facebook ecommerce solution provider Payvment has secured a $1.5 million Series A funding round led by BlueRun Ventures and angel investor Dave McClure, one of PayPal's early employees.

Payvment provides a free Facebook application that allows businesses, organizations and individuals to set up virtual storefronts. Since its launch last year, over 20,000 businesses and individuals have started to sell goods on Facebook and over 500,000 Facebook users have shopped for products in stores using the Payvment app.

Payvment was founded in 2009 by Christian Taylor and Joelle Musante, who previously developed social network Fan Web sites for Fortune 500 companies. Payvment uses PayPal Adaptive Payments and was featured at last year's PayPal Developers Conference.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

You may quote up to 50 words of any article on the condition that you attribute the article to EcommerceBytes.com and either link to the original article or to www.EcommerceBytes.com.
All other use is prohibited.

Email This Story to a Friend
Email this story to a friend.

2 of 3

Sponsored Ad