Billing Revolution Gets Funding From Citi for Mobile Payments Service

Billing Revolution, which has launched a mobile billing platform called Single-Click Checkout, has raised additional capital from its partner, Citigroup. The undisclosed investment is from Citi Ventures and follows a $6.6 million second round of funding from DCM and SK Telecom Ventures last month.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald