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Growth expected to scale exponentially and valuation will increase
Growth Assumptions
Expected to process $40 million in transactions in Q1 of 2011
Currently signing up 100,000 merchants per month
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Compare to 30,000 monthly signups last Fall.
$1 million in payments per day
Processing a few million in mobile transactions per week as of last fall
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Valuation Assumptions
Valued at $240m after last round of funding in January 2011 ($27.5m)
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Valued at $40m at first round of funding in December 2009 ($10.0m)
Sources
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Sources
DealBook, TechCrunch, Wall Street Journal, VentureBeat, Capital IQ