|Series A, 7/2003 |
|Series B, 9/2004 |
Cardinal Venture Capital
Garage Technology Ventures
Founded in December 2002, BitPass was an online payment system for digital content and services. The service worked by allowing users to deposit money in an online account, and using that stored value amount to pay for digital content and services. The company had partnerships with high-profile firms like Microsoft, PayPal, the Royal Bank of Scotland and First Data.
For undisclosed reasons, BitPass announced that they were shutting down operations in January 2007, and officially closed on January 26, 2007.