Transaction Technologies Ltd, the company that owns the PlayerLands platform, has raised an additional £200,000 in funding to support its pre-launch phase of development. The cash was secured from the MEIF Proof of Concept & Early Stage Fund, supported by the British Business Bank and managed by Mercia, which had also put in an earlier stage of funding.
Alex Booth, PlayerLands CEO said, “The games business, and especially the highly social world of server-based games, have been growing rapidly for years. We make it easy for developers and server owners to monetize their services, leaving them to concentrate on making the best entertainment.”
Sandy Reid, Investment Manager at Mercia, added: "Online gaming is an exciting sector that has grown significantly during the global lockdown. Transaction Technologies is filling a gap in the market for a secure and professional payment system. We are pleased to further support the business with this latest investment which will allow it to launch PlayerLands and to capitalise on the favourable market conditions.”