Chirpify, the company that allows for in-stream purchases on social networks like Twitter and Facebook, plans to announce that it’s added additional funding to a previously-reported $2 million Series A, bringing the total round to $6 million. Investors include Voyager Capital, Saturn Partners, Provenance Ventures, and angels.
If you were interested in making a purchase on Twitter or Facebook through Chirpify, you might start to see lower prices on the service, as the company replaces PayPal processing with its own system to reduce fees for sellers.
Sahil Lavingia, a 19-year-old app designer behind Pinterest and Turntable.fm, has built a simple service called Gumroad that lets anyone monetize a link without having to set up their own store. The company announced it has raised $7 million three months after launching.
Chirpify, a payment platform that uses Twitter to conduct transactions, announced it has raised $1.3 million in a Series A round and is finding good traction from Fortune 500 companies. It is also expanding the platform to include the sale of digital goods.
Chirpify, a Portland, Oregon, startup, is unveiling its Twitter commerce platform today, an all-in-one tool that taps PayPal and allows users to monetize their tweets. The company said it’s the first one to turn Twitter into a direct sales channel.