Friendster owner MOL makes majority-stake investment in cash-based payment platform Rixty
October 23, 2012 by Terence LEE
MOL AccessPortal, the e-payment subsidiary of Malaysia’s MOL Global, which bought Friendster in 2009, has made a majority-stake investment in Rixty, a San Francisco based startup that lets consumers buy digital goods without a credit card.
The financial terms of the deal were undisclosed. Nonetheless, the founding team and existing investors will remain on board as significant shareholders, according to TechCrunch. Read more
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