Revolution Money raises $50M to take on PayPal, upend credit card industry
Revolution Money, a new company backed by former AOL chief executive Steve Case, has launched a free online money transfer service to compete with PayPal. It has landed $50 million in a second round of funding.
The service is designed to be used on fast-growing instant messaging services such as AOL’s AIM and other social networking sites, and could appeal to younger users who balk at PayPal’s fees.
The Largo, Florida company is also offering a credit… Continue Reading