TrialPay Raises Second Round

TrialPay, a San Jose, Calif.-based developer of a payment platform that allows a company's customers to access premium content and services by participating in relevant offers, has raised $12.7 million in Series B funding. Index Ventures led the round, and was joined by Atomico Ventures, “former PayPal executives,” and return backers Battery Ventures, Ron Conway and Bob Pittman.



TrialPay, a leader in alternative payments, has recently reached several milestones:


* Closed $12.7 million in a Series B round of funding, bringing the total amount raised to $15.8 million.


* Surpassed 5 million registered users (5.2 million, as of this release). More than 15,000 new users join TrialPay every day.


* As of this release, TrialPay will have 3,000 individual merchant partners and 4 strategic partnerships with premier e-commerce platforms (Kagi, asknet AG, E-junkie and Mercantec).


Over the last year, TrialPay has emerged as a leading alternative payment platform