PayPal, Venrock Incubate BillFloat To Develop Innovative Payment Services

We got a tip recently about a startup called BillFloat , which sports a rather limited website with nothing but a logo and a call for fresh engineers. The intriguing thing about BillFloat, however, was this sentence on the placeholder website: “We are a PayPal and Venrock backed startup re-defining a $100 billion market and are looking for Rails engineers.” Since PayPal doesn’t have a particularly noteworthy track record of funding other companies, we asked the company about said investment, and got the following response: PayPal did provide some seed money to billfloat, but we’re not disclosing any specifics. This is in line with what Naveed Anwar and Osama Bedier talked about at our developer conference in November … to encourage developers through guidance and resources to build innovative payment applications

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PayPal, Venrock Incubate BillFloat To Develop Innovative Payment Services