Fresh off moving its Citi Ventures unit to the Bay Area to get close to the latest payments tech buzz, Citi’s investing in mobile payments firm Billing Revolution.
Billing Revolution claims it allows users to purchase digital and physical goods globally across Apple, Android, Symbian, RIM, Windows Phone 7, Bada and webOS operating systems. The San Francisco and Seattle-based firm has also attracted about $10 million in venture capital from DCM and SK Telecom Ventures. Citi’s investment is part of a $6 million Series B round that was just completed. source et suite
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