Saturday, January 28, 2006

MENLO PARK--- 3i Invests $23 Million in Internet Payment Service Click & Buy Aiding Expansion into the U.S. and Asia

"3i, the world's leading private equity and venture capital company, have announced a $23 million investment in Zurich (Switzerland) based Webpay AG, owner of market leader Click & Buy, an ePayment and storefront provider for online and mobile digital content.

Click & Buy is Europe's leading online payment system used by more than 5 million consumers on 4,000 merchant websites. The company opened a New York office in 2004. Webpay International has plans to further expand into other markets in the U.S., as well as expansion plans for Canada, South America, Asia and Eastern Europe with the support of 3i. "

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