Soldsie Hits $10 Million In Processed Payments

Posted Jul 17, 2013

is a company that has found a way to process payments on social media platforms.  The company has announced today that they have processed over $10 million in transactions through their service.  Soldsie users can buy products through Facebook comments or through a tweet.  The company has also announced that they are adding support to several foreign currencies.

The company particularly focuses on targeting Facebook comments.  The company competes against other companies like Chirpify and Ribbon.  Launched in September 2012, Soldsie raised a $1 million seed round this past March.  New currencies that will be added includes the Australian Dollar, the Canadian Dollar, the Brazilian Real, the Euro, the Taiwanese New Dollar, and the British Pound.

Soldsie chief executive officer and co-founder Chris Bennett is seeing major adoption, especially amongst women that buy and sell clothing and accessories.  The company is especially seeing growth in the state of Texas, according to GigaOM.

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