iPhone App Funder, appbackr, Selected by Community Vote as Top
Finalist
in PayPalX Competition
Leads in PayPal Challenge by Bringing Immediate Funding?
Microfinance
for iPhone Developers
PALO ALTO, Calif.--(BUSINESS
WIRE)--PayPalX announced that appbackr was selected by community
voting to
become one of 11
finalists in the PayPalX Developer Challenge. appbackr
provides a
simple and revolutionary approach to Immediate Funding? for Apple
iPhone
and iPad Developers selling apps in the iTunes store. Application
developers sell wholesale units of their apps on appbackr. App
developers get funds right away. Buyers profit when the apps sell
on the
iTunes store.
?appbackr is the next
generation of micro-finance and we think opens up a whole new
category of opportunity for PayPal. Developers benefit. Consumers
benefit. PayPal?s new APIs are allowing for a whole new approach
to
micro-finance. We are excited to lead the charge?
?The wholesale
digital marketplace for Apple iPhone and iPad developers
represents
a Sea Change for micro-finance,? says Trevor Cornwell,
founder of
appbackr inc. appbackr
was built on PayPal?s new adaptive APIs which allow payment to
multiple parties in one seamless transaction.
?PayPal?s tool allows us to reset the table for the way iPhone and
iPad
apps get funded. We are bringing Immediate
Funding? as a new way to fund great apps,? Cornwell continued.
The PayPalX
Developer challenge is intended to reward creativity,
innovation and
viability. ?Our model unlocks value for developers; enables
digital
wholesaler buyers to profit from Apple, Inc. iTunes sales; and
creates
an all around economically viable eco-system around creative
works,?
Cornwell said.
The finalists will now go on to be judged by a panel of
distinguished judges
including chairman of eBay Inc., Pierre Omidyar; PayPal president
Scott
Thompson; general partner of Andreessen/Horowitz, Marc Andreessen;
Sequoia Capital's Roelof Botha, and Intuit?s Scott Cook, who will
choose
the top two prize winners. Winners will be announced at DEMO
Spring 2010
in March.
?We made it through the support of app developers around the
world. Now
we need people who support appbackr
to tweet with #appbackr #paypalx and become a fan at www.facebook.com/appbackr.
appbackr provides a compelling way to bring Immediate Fund
micro-financing to entrepreneurs, developers and creatives,?
Cornwell
said.
?appbackr is the next
generation of micro-finance and we think opens up a whole new
category of opportunity for PayPal. Developers benefit. Consumers
benefit. PayPal?s new APIs are allowing for a whole new approach
to
micro-finance. We are excited to lead the charge,? Cornwell said.
appbackr inc. is a start-up based in Palo Alto, CA. appbackr is by
invitation only until launch. Invites can be requested at http://www.appbackr.com.
Follow us on http://www.twitter.com/appbackr