Mobile payment app Rooam calls up seed funding

Rooam, which describes itself as a socially connected mobile payment app, announced at the Collision conference in New Orleans that it has raised $1.2 million in seed-stage funding from several undisclosed private investors. The company's app allows users to pay for drinks and connect with friends to find out what events and clubs they are at. Rooam plans to launch its mobile app in Washington, D.C., in the spring.

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