Calif. – Kwedit, a developer of
new payment services for digital content and virtual goods, announced that it
has raised $3 million in its first round of funding, from True Ventures, Kapor
Capital, Maples Investments, Endeavor Partners, Fenwick and West, and angel
Founded in 2009, Mountain View,
Calif.-based Kwedit sells pre-paid cards at 7-Eleven stores that contain
credits which can be redeemed for virtual goods within online games; the
company also lets kids and others without bank accounts mail cash.
service, Kwedit Promise, functions more like Bill Me Later, generating a Kwedit
Score that determines how much a user can spend based on how reliably they make
Kwedit-based payments are currently supported on more than 100
I’m part of Kwedit’s team; thanks for covering our launch.
There is one error in the post: we do NOT sell pre-paid cards at 7-Eleven stores or anywhere else.
Kwedit users can print a Kwedit Slip with a barcode, which they bring to 7-Eleven stores and scan, then make a payment.
More information about our products is available at http://www.kwedit.com/products.