Tuesday, April 27, 2010

Zong Takes $15M

Palo Alto-based Zong, an online mobile payment service for online gaming and social networking web sites, said Tuesday that it has raised $15M in a round of funding and has spun out of Echovox. The round was led by Matrix Partners. Zong provides mobile payment for Facebook Credits, a virtual currency product for Facebook. Dana Stalder of Matrix joins the company's board. More information »