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.