Twitpay Secures Growth Funding

Twitpay, an Atlanta, GA-based provider of social media payment technology, has secured growth funding from TomorrowVentures and CompuCredit Holdings Corporation.
The company intends to use the funds, whose amount remained undisclosed, to expand its existing services.
Founded in 2008, Twitpay currently offers its clients both a comprehensive social management platform as well as a mobile payments tool utilizing Twitter’s prevalence as a mobile network.
The company offers its platform-as-a-service into three core markets:
– nonprofit organizations looking to raise funds directly over Twitter,
– social gaming developers offering virtual currency, and
– retailers facilitating social commerce.
Twitpay recently closed a partnership with Atlanta-based Incomm to offer social gaming publishers access to a customized promotion and lead generation platform designed specifically around the social gaming model.
The first social gaming campaign is due out in early 2011.

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