Follow-up: gWallet Funding Comes Through

Om had previously reported that gWallet, the online payment startup from Gurbaksh Chahal, aka “G” from Fox’s “The Secret Millionaire,” was out raising $10 million. And indeed it has, in a round led by Adams Street Partners and Trinity Ventures that brings its total funding to $12.5 million.

gWallet said today it would use the new money to move to Europe and make acquisitions. The company says it can escape the sliminess currently associated with virtual currency by working with brands directly instead of using an affiliate relationship and by giving developers and social media platforms better visibility into its offers.

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