Twitpay attracts significant investment

Twitpay, a provider of payment systems solutions for social media, has attracted significant investment from venture capital firm TomorrowVentures and financial products provider CompuCredit Holdings Corporation.The company is seeking to expand and capitalise on the potential increase in payments made through mobile and tablet PC applications.We are very excited about our investment in Twitpay, said Court Coursey, managing partner, TomorrowVentures. The convergence of social media and mobile payments will drive tremendous opportunities in the social media value chain. We believe that Twitpay, with its sophisticated payments platform and mobile wallet technology, is positioned to be the dominant player in this segment.