Mobile Payments Startup Kuapay Grabs $4 Million Investment, Readies Global Expansion

Well, it appears to be mobile payments day here at TechCrunch. When it rains, it pours, right? Another announcement hitting the wires today comes from global mobile payments startup Kuapay, which has just closed a $4 million round of funding from a single, private investor. The company was started in January 2011 by?Joaquin Ayuso de Paul, best known as a co-founder of Tuenti, a company often referred to as the "Spanish Facebook," which later sold to Telefonica for $100 million. With Kuapay, the idea isn't just to create another e-wallet application, but to make using the wallet app a more social and engaging experience, while also integrating customer loyalty programs for merchants.

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