Zipmark Completes a $2 Mln Seed Round
Zipmark, which lets users pay bills using their smart phones, has closed $2 million in seed funding, according to cofounder and CEO Jay Bhattacharya. Bhattacharya wouldn't disclose investors. That information will be revealed when Zipmark puts out a statement (that's coming soon, he says). "We’ve been working toward this for the last 12 months," Bhattacharya says. "We’re very happy with the syndicate of New York-based investors that is coming together." Founded in March 2010 by Bhattacharya and Jake Howerton, Zipmark is a mobile and online payments company. Zipmark, of New York, claims its transactions are just like using a check, but without the paper or the trip to the bank. Using a mobile barcode, Zipmark accepts payments from any bank, thrift or credit union. Customers pay with the money in their checking accounts and any payments go directly into their accounts, without fees or delays, according to the Zipmark web site.
