SCVNGR has raised a $12 million funding round led by Google Ventures to expands its LevelUp payment service. Yes, payment service. SCVNGR’s approach to mobile payments is unique in that it provides each user with a unique QR code that can be scanned at participating merchants. SCVNGR says that the $12 million commitment is just the beginning of its latest fundraising, as the rest is committed but not finalized yet.
[Source: The Next Web]