Rixty

An alternative online payment system Rixty announced that it obtained $1.24 million financing to accelerate the growth of its popular cash-based payment system for online entertainment. Among the investors who granted the capital were San Francisco-based Javelin Venture Partners who led the round, Accelerator Ventures, First Round Capital, Freestyle Capital, Nueva Ventures, Soft Tech VC and several strategic angel investors.

The raised funds will be used by the company to enhance the growth of its publisher network, expand its product offering and increase its user base.

Rixty just made paying for online entertainment without a credit card easier. The innovative e-commerce company launched today its new cash-based payment system at more than 10,000 retail locations. Now anyone with cash and coins can convert that money into online purchasing power across an exciting array of entertainment merchants.