SponsorPay Raises $5 Million From Nokia Growth Partners as It Moves Into Mobile
SponsorPay, a European virtual currency monetization company, picked up $5 million in funding from Nokia Growth Partners to fuel a new line of products focused at mobile developers. Like many monetization companies that first cut their teeth with social games on the Facebook platform, SponsorPay is moving into mobile apps.
The Berlin-based company has been working on a set of new SDKs tied to the biggest smartphone platforms that let developers offer gamers virtual currency in exchange for installing applications, filling out surveys or watching videos.
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