Clover Raises $5.8M From Andreessen Horowitz; Launches As A One-Click Mobile Payments Platform

A new mobile payments startup is entering the market. Clover is exiting from stealth today as a fast, simple mobile payments technology that aims to allow consumers can checkout from a mobile site or app in under five seconds with one-tap. The company is also announcing that it has raised $5.8 million from Andreessen Horowitz and Sutter Hill Ventures. As CEO Bryan Lamkin explains, Clover is trying to build the fastest, simplest and most secure payment network for mobile and tablet devices. The startup believes there is still a tremendous amount of friction in mobile checkout and payments, resulting in shopping cart abandonment and low conversion rates for merchants, retailers, and developers.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/kbYYMtGE8zo/

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