Clinkle announced a total of $25 million in investment from 18 investors in Thursday

Absrtact: June 28 News, according to foreign media reports, mobile payment solution provider Clinkle Thursday announced a total of 25 million U.S. dollars investment from 18 investors. Founded in 2011, Clinkle was initially only a development project funded by a Stanford University professor.

June 28 News, according to foreign media reports, mobile payment solution provider Clinkle Thursday announced a total of 25 million U.S. dollars from 18 investors investment.

Founded in 2011, Clinkle was initially only a development project funded by a Stanford University professor. But in April this year, the Wall Street Journal article noted that about 10 Stanford students decided to drop out of school to join clinkle--. The report made the company's reputation much more noisy.

Unlike most mobile payment solutions, the Clinkle technology does not require merchants to purchase new POS terminals. Clinkle can directly convert the deposits in the user's bank into the "clinkle currency" and achieve "point-to-point" cash transactions through mobile devices.

Because the product is still in development, the public can not download the application directly. Clinkle founder Duplan said the company would prefer to start testing products from smaller groups and is currently planning to offer tests to a handful of universities and students in 2013.

Clinkle currently has about 50 employees. The new funds will be used primarily for recruitment and general operational requirements. Duplan declined to say whether any investors would join the company's board.