Micropayment Company Webpay Raises $24 Million; IPO Next

Germany-headquartered Webpay, the online micropayments provider, has riased $24 million in funding from 3i, reports PE Week Wire in its daily newsletter.

Webpay retails its solution under the “Click & Buy” brand, familiar to regular readers of our site…it has also expanded into U.S. over the last two year or so. In Europe, it is now powering purchases for Apple iTunes and Microsoft Music…

The company is now fully-funded and will explore an IPO. More details in 3i release here

TheDeal: The company became cash-flow-positive last year and has more than 4,000 companies using its click-and-buy service.

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