Yesterday, Intel Capital announced that PagPop, accelerated in our first program, was selected to receive investment!.  Intel announced that they would collectively invest $ 40 million into ten companies.

PagPop is a payment system that allows storeowners to use their iPhones to accept credit card payments.  The model is similar to Square in the united states but has features that are unique to the Brazilian market.  It also allows these store owners to accept payment through SMS.  Watch Marcio present Pagpop at our last Demo Day below.

DemoDay Summer 2012 – PagPop from 21212 com on Vimeo.

PagPop joins the 9 other companies from China, India, South Korea, Taiwan, and the U.S.  Read more about it in the following  articles and congratulations to Pagpop!

– Valor Econômico: Intel Capital investe em dez novatas; uma no Brasil

– TNW: These are the 10 companies that Intel Capital is investing a total of $40m in

– Exame: Intel Capital adquire participação na brasileira PagPop

– IG Startups: PagPop, acelerada pela 21212, recebe aporte da Intel Capital