Ribbon, a San francisco, CA-based company that has developed a payments solution to buy and sell online, raised $1.6m in seed funding.
The round was led by Tim Draper (Draper Associates) with participation from Siemer Ventures, Emil Michael, Naguib Sawiris, Winston Ibrahim, MicroVentures, etc.
The company, which has raised $1.72m to date, also released new features to buy items directly in a Facebook timeline post and a developer API.
Co-Founded by CEO Hany Rashwan and Lead Engineer James Elkins, Ribbon provides business owners with a solution to list their products (physical and digital goods, services), sell them on several platform (Facebook, Twitter, and via an embeddable payments option), as well as to process debit and credit cards with a fully encrypted, SSL secure payments infrastructure.
FinSMEs
07/02/2013