When Foap first launched its iPhone app and markeplace to let users upload and sell their photos, it relied on a manual approval process designed to keep the quality high in a bid to give the traditional stock photography market a run for its money. But, should the app really take off, it was an approach that was never likely to scale. And so it is that 1.4 million photo uploads and 150k app downloads later, Foap is turning to the crowd to approve photos submitted for sale. Meanwhile, to further help it scale, the Swedish company is announcing a new round of funding: $500k from Asia's Jade Global Investments. This brings the total capital raised so far to approximately $900k.Source: http://feedproxy.google.com/~r/Techcrunch/~3/bg7GgCqdcc8/
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