Type Private Fate Acquired by Visa Inc. Products UltimatePay Acquisition date March 2011 Parent organizations Visa, CyberSource | Industry Payments Area served Worldwide Website www.playspan.com Founders Karl Mehta, Arjun Mehta | |
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Founded 2006, Silicon Valley, California, United States Headquarters San Francisco, California, United States | ||
Playspan teil 2
PlaySpan is a payments company whose payments platform handles transactions for digital goods in online games, digital media, and social networks around the world. The company allows merchants to monetize their content using a broad suite of payment and commerce-related solutions in fraud, risk management, analytics, merchandizing and global payment connectivity.
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What to do if you did not get your playspan points
Company History
PlaySpan was founded in 2006 by Karl Mehta. In July 2008, PlaySpan acquired Internet Payment Solutions, an alternative payments company, and in April 2009, PlaySpan acquired Spare Change Payments, a social media payments company.
The company received a total of $46 million in funding from investors Easton Capital, Menlo Ventures, Novel TMT Ventures, Silicon Valley Bank Capital, STIC Investments, Softbank, Vodafone, and GE Asset Management.
In March 2011, Visa Inc. acquired PlaySpan for $190 million in cash + earn-outs over 2 years, amounting to approximately $240 million in total purchase consideration.