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This article was published on July 17, 2012


    Tapingo, a mobile payment service for college students, raises $3.5m from Carmel

    Tapingo, a mobile payment service for college students, raises $3.5m from Carmel Image by: sonya etchison - Fotolia
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    Tapingo, which offers a mobile payment service for college students, has secured $3.5 million in funding from Carmel Ventures.

    The company, which is based in New York with a R&D center in Israel, enables students to use their phone to order and pay for food and goods at merchants on and around college campuses across the United States.

    The app is available for iOS and Android-powered phones. Available payment options include credit cards, PayPal, and campus cards.

    Shlomo Dovrat, co-founder of Carmel Ventures, has joined the Company’s board of directors.

    The proceeds of the financing round will be used to expand to more campuses.