Billing Revolution Raises $6.6M
Seattle-based e-commerce startup Billing Revolution has raised $6.6 million in a Series B financing round led by DCM and SK Telecom Ventures, according to multiple reports (TechCrunch appears to have published it first). The company makes software that allows mobile application developers to incorporate credit-card sales. Unlike other mobile-payment startups, such as Square, Billing Revolution’s system is entirely software-based and doesn’t require a second device for swiping a card. The company was founded by CEO Andy Kleitsch, an AT&T Wireless alum who founded WeddingChannel.com and sold it to The Knot for about $80 million.