Kwedit offers an alternative payment system for social games and virtual goods that lets users promise to pay for items and later settle that promise via mail-in cash, retail locations like 7‑Eleven, or prepaid cards. One of its core products, Kwedit Direct, enables partners to accept payments through these offline channels and to expand distribution without upfront printing or store presence. The company enforces nonpayment through a Kwedit score that can limit future access; users must be at least 13 and the product does not charge interest. Kwedit says it has signed six new merchant contracts across verticals including PokeTalk (a VoIP provider), an MMO, a test-prep service, and a credit-record protection service. The company also highlights charitable-donation use cases handled without fees by Kwedit or 7‑Eleven. Kwedit recently raised funding to support growth and broader merchant adoption.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2010