Mobile payment solution Clinkle lands USD25m seed fund

Secured significant funding

Clinkle, a California-based mobile payment solution provider, has secured USD25m in seed funding. Investment came from Andreessen Horowitz as well as several angel investors including Peter Thiel.

Clinkle, which was founded in 2011 and is currently in stealth mode, is a digital wallet that also offers ways for businesses to offer loyalty points and rewards to customers. Details of how the funding will be used have not been specified.

“We’re grateful for both the financial backing and strategic council our investors have given us. We plan to use our capital to expand our stellar team and to continue to ensure our quality of craftsmanship is of the highest standard.” Says the 22 year-old founder, Lucas Duplan.

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