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Kwedit offers innovative payment options for those who don't have a credit or debit card or prefer to pay with cash.
http://kwedit.com
Follow us on Twitter at:
http://twitter.com/kwedit
http://kwedit.com
Follow us on Twitter at:
http://twitter.com/kwedit
Overview
Total raised
$3.3M
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 11
| Date | Title | Description |
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| Sep 15, 2010 | Kwedit becomes PayNearMe, launches today | The cash payment system will allow consumers to make remote purchases without a credit or debit card Online shopping is a big business, and many companies can attest to the fact that giving customers the option to shop online generates a lo... |
| May 6, 2010 | Kwedit Has Legs – Repayment Rate above 33% | Kwedit is one of the more promising alternate payment methods for social gaming and other virtual good sellers online. If you don’t have a credit card and don’t want to get into the offers/scamville stuff, you don’t have a lot of options. K... |
| May 5, 2010 | A “perfect storm” of disruption in consumer finance is coming | We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Amy Errett is a partner with venture capital and ... |
| May 5, 2010 | A “perfect storm” of disruption in consumer finance is coming | Amy Errett is a partner with venture capital and private equity firm Maveron LLC. Every 20 years or so, the financial services industry experiences a wave of consumer innovation, such as when companies like E-Trade and Intuit changed the la... |
| Mar 12, 2010 | Amidst Controversy Storm, Kwedit Reveals Repayment Rate Already At 26% | Kwedit, the innovative and suddenly controversial payments platform for virtual goods, is releasing some early data. The service lets users promise to pay later in lieu of a direct credit card payment when they want virtual currency for soc... |
| Mar 3, 2010 | Kwedit Gets Slammed On Colbert, But Raises $3.3 Million To Soften The Blow | Kwedit, the innovative new alternate payment product for social games and just about any other virtual good, is on a roll. They’ve raised a second round of financing – $3.3 million in a round led by Maveron. And they were also on the Colber... |
| Feb 3, 2010 | Kwedit lets kids use cash to pay for online games, buy virtual goods | Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more. There are lots of people — teens in particular — who don’t have bank accounts or credit cards with which to pay for online purchases. T... |
| Feb 3, 2010 | Kwedit Launches: The First Completely Unreliable Payment Network | Something tells me Kwedit, which launches today, is going to be a hit. It’s a new payment service that absolutely doesn’t guarantee payments. In fact, its unreliability is what makes it so attractive to social game publishers and other peop... |
| Feb 3, 2010 | Kwedit lets kids use cash to pay for online games, buy virtual goods | There are lots of people — teens in particular — who don’t have bank accounts or credit cards with which to pay for online purchases. They can use prepaid cards to sign up for online services, but alternative payment provider Kwedit wants t... |
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FAQ about Kwedit
How much funding has Kwedit raised?
Kwedit has raised $3.3M in total across 1 funding round.
What has the press written about Kwedit?
Parsers VC has collected 11 articles mentioning Kwedit, among them “Kwedit becomes PayNearMe, launches today” (Sep 15, 2010) and “Kwedit Has Legs – Repayment Rate above 33%” (May 6, 2010).
Is Kwedit still active?
Kwedit is probably closed: its latest activity on Parsers VC dates from Nov 16, 2010.