CoinTent Raises $1.075k in Funding

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Summary

CoinTent, a San Francisco, CA-based provider of a micropayments solution enabling publishers to sell individual articles directly from their own sites, raised $1.075k in funding.Backers included Foundry Group, QueensBridge Venture Partners, Mark Pincus, Donna Dubinsky, Leonard Shustek and Andrew Tisch.During its beta, the company’s solutions have gone live on over 25 sites across a number of verticals.Available through API or WordPress plugin, the newly launched service can be set up to run alongside existing paywall solutions or as a standalone option.The service charges a payment processing fee based on the size of the transaction.

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