Play2Pay, a Miami FL-based mobile payments platform, raised $13M in Series A funding.
The round was led by Telesoft Partners with participation from Harbor Spring Capital, Ralph de la Vega, Tom Glocer, Jim Perry and Kris Canekeratne.
The company intends to use the funds to rapid expansion by accelerating product development, hiring and partner engagement.
Founded by telecommunications veteran Brian Boroff in 2015, Play2Pay provides a payments platform that enables users to pay their service provider bills by playing games, watching videos and completing special offers on their devices. The company’s offers are opt-in, easy to engage with and secure, GDPR- and CCPA-compliant. The company recently added new streaks and challenges features, allowing users to be rewarded for consecutive playing and to earn recognition with additional currency.
Play2Pay is currently available to more than 100 million mobile subscribers across high smartphone penetration markets, including the United States, United Kingdom, Mexico, Brazil and Indonesia.
FinSMEs
16/07/2021