Creating a business around a mobile app is a popular trend. Plenty of commercial opportunities abound for socializing and simplifying aspects of everyday life. A new fashion mobile app for the iPhone and iPad called Cloth was recently released.
Corporations involved in the online and mobile payments industry continue attracting capital. Braintree has recently raised $34 million of institutional capital. The company, which started in 2007, was bootstrapped during four years without any outside funding.