Twitpay Acquired

Feb 19, 10 in Angels, Startups

Twitpay has been acquired by an investment group led by Ashish Bahl. Ashish, a financial services industry veteran, understands the power of the Twitpay concept.

Twitpay will be honing in on the RT2Give portion of its Retweet Suite. RT2Give is Twitpay's proprietary fund raising solution for non-profit organizations. RT2Give enables non-profits to leverage social networking to drive donations. I can envision the company becoming a standalone payment processor in order to simplify the RT2Give process.

Twitpay was founded at Atlanta Startup Weekend in 2008. I was on that team and have been an advisor and shareholder of the company since then. It is great to see Michael Ivey and Don Brown moving forward with capital and experienced payments professionals who can help make the company a success.

Comments

Congrats to all the shareholders :)

Maxwell | Feb 19, 10 at 09:11 AM

Lance, do you know if this is the first acquisition for a Startup Weekend company?

John Cottingham | Feb 19, 10 at 09:58 AM

Congrats, guys. Atlanta SW rocks the scene, again!

Alan Pinstein | Feb 19, 10 at 10:38 AM

Was this an acquisition, or a round of funding in which the new company gobbled the old?

Russell Jurney | Feb 19, 10 at 10:23 PM

Really glad to an Atlanta Startup Weekend company be acquired. Kudos guys and congrats on taking it to the next level.

Mike Schinkel | Feb 20, 10 at 02:35 AM

Congratulations!!!

Jason | Feb 21, 10 at 02:32 PM

My name is Lance Weatherby. I am currently a startup catalyst at Georgia Tech. I help launch and build technology companies.

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