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PRESS RELEASE - Paydiant Closes Series A Funding

Paydiant Closes Series A Funding for Mobile Payments Venture

BOSTON, MA -- February 22, 2011 – Paydiant, a new Boston-based mobile payments venture, today announced that it closed a $7.6M round of funding led by North Bridge Venture Partners and General Catalyst Partners. Jim Moran, General Partner at North Bridge and John Simon, Managing Director at General Catalyst have joined Paydiant's Board of Directors. The investment will be used to accelerate product development, sales and marketing for Paydiant, which plans to formally launch later this year.

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TECHCRUNCH - Paydiant Throws Its Hat Into The Mobile Payments Ring, Raises $7.6 Million

Paydiant, a new Boston-based mobile payments startup, this morning announced that it closed a $7.6 million Series A round of funding led by North Bridge Venture Partners and General Catalyst Partners.The company plans to formally launch later this year.

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VENTUREBEAT - Mobile Payments Company Paydiant Picks Up $7.6M

A new mobile payments company, Paydiant, announced today that it has received $7.6 million in first round funding, led by North Bridge Venture Partners and General Catalyst Partners. The Boston, Mass.-based startup says the funding will go into product development and sales and marketing.

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MARKETWIRE - Paydiant Closes Series A Funding for Mobile Payments Venture

BOSTON, MA--(Marketwire - February 22, 2011) -  Paydiant, a new Boston-based mobile payments venture, today announced that it closed a $7.6M round of funding led by North Bridge Venture Partners and General Catalyst Partners. The investment will be used to accelerate product development, sales and marketing for Paydiant, which plans to formally launch later this year.

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