The company intends to use the funds to expand globally. Launched in the Netherlands last year, Tinypay is now moving the headquarters to San Francisco and is hiring developers (http://blog.tinypay.me/jobs).
Led by CEO Melvin Tercan, the company aims to makes online selling accessible to everyone. Users can sell second-hand items, hand-made crafts, and digital files such as e-books and mp3s from a customizable shop. It also possibile to share products on Facebook and Twitter.
Sellers receive instant payments directly in their PayPal account.