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Short Take: X.com raises $30 million

X.com, an online payment service, has raised $30 million from new and existing investors, the company is expected to announce. French retail bank Credit Agricole is among its investors. The Palo Alto, Calif.-based company, which operates the auction payment service PayPal.com, plans to use the money to expand internationally and promote its wireless payment service. In April, the 17-month-old company raised $100 million from investors including Madison Dearborn Partners.

Stefanie Olsen Staff writer, CNET News
Stefanie Olsen covers technology and science.
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Stefanie Olsen
X.com, an online payment service, has raised $30 million from new and existing investors, the company is expected to announce. French retail bank Credit Agricole is among its investors. The Palo Alto, Calif.-based company, which operates the auction payment service PayPal.com, plans to use the money to expand internationally and promote its wireless payment service. In April, the 17-month-old company raised $100 million from investors including Madison Dearborn Partners.