GoPago Receives Series A Financing from PMorgan Chase & Co.

GoPago, Inc., a San Francisco, CA-based provider of emerging mobile payments technology, has received a Series A investment of undisclosed amount from JPMorgan Chase & Co. (NYSE: JPM).

The company intends to use the capital to expand into mobile payment services.

Founded in 2009 by CEO Leo Rocco, GoPago has developed a free smartphone application that allows consumers to browse, order, and pay for local goods and services. It also helps brick and mortar businesses better target special offers (exclusive deals, personalized offers, and rewards for customers their loyalty) to drive sales and better compete with online businesses.
The company currently works with over 50 merchants in Mountain View, Calif., the Hard Rock Hotel in Las Vegas and San Francisco.
The application is currently available for iPhone®, AndroidTM and BlackBerry® (coming soon to Windows® Phone 7).

As a part of the deal, later in 2012, Chase’s customers will have the opportunity to create a free mobile storefront through GoPago. In addition, Chase cardholders that use GoPago will receive exclusive offers and discounts from Chase merchants.



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