Freelancer.com Acquires Payment Service Provider Escrow.com For $7.5M

 Job marketplace Freelancer.com announced today that it has agreed to purchased Escrow.com for $7.5 million in cash. The acquisition was funded by through an placement of $10 million AUD (about $7.8 million) in ordinary shares of Freelancer.com to institutional investors. As its name suggests, Escrow.com provides online escrow services for e-commerce sites by holding payments for goods or… Read More

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