TechCrunch – 12/11/13: New mobile payments startup Loop has closed on $10 million in Series A funding in what’s being described as an “oversubscribed” angel round involving undisclosed investors. The company, which is working to build both smartphone fobs and cases that allow you to pay at point-of-sale by emulating a magstripe credit card swipe, had previously said they were raising the A round from the same group of angels who had invested in the founders’ previous companies.
Click here to read more: http://techcrunch.com/2013/12/11/mobile-payments-startup-loop-closes-10-million-series-a-starts-shipping-fobs-to-early-backers/

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