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Another Indian Firm, Citrus Payments raises $ 5.5 Mn through Japanese Investors

In a recent development in the payment industry, Mobile payment solution firm Citrus Solutions has raised USD 5.5 Mn as series B funding from two Japanese investors: Econtext Asia and Beenos Asia. Besides, the deal has also seen the participation of the current VC backer of Citrus, Sequoia Capital. Econtext Asia is an online payment company while Beenos Asia is a subsidiary of Netprice, which is a major e-commerce player in Japan.

Citrus Payments is a digital payment company focusing on online checkout processes, and aims to be a fast, convenient, safe, portable and reusable single stop payment solutions provider in India. Incorporated in August 2011, the company’s full month transaction clocked 278 transactions in only about a year of time. By November 2012, ...

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