Smartphone Monetization Platform, Metaps, Announces $4.2 Million in Funding

Having only just formed this past summer, Japan-based Metaps Inc. is a reward advertisement network that allows smartphone developers to create ads that reward users based on actions like installs or registrations. And today it is announcing that the company has raised $4.2 million from a number of venture capital firms.According to the announcement, the funding will be used to help expand its business around Asia, particular its new Singapore-based subsidiary, Metaps Pte. Ltd.