Germany-based mobile point-of-sales (mPOS) startup payleven this morning announced that it has entered into a distribution partnership with card issuer American Express, the first of its kind in Europe.
American Express, which is notable an investor in European paylevel rivals SumUp and iZettle, has agreed to offer a fee-free ‘Business Gold’ credit card together with payleven’s equally free Chip & PIN card reader in a ‘business bundle’ that can be purchased on the German fintech startup’s website.
Initially, the offer is only available to businesses in Germany.
Exactly one year ago today, payleven announced that its card reader was finally able to accept American Express credit cards, leading to a deeper partnership announced today.
As far as we know, American Express is not an investor in payleven, however. The German startup has raised ‘tens of millions of euros’ from the likes of Rocket Internet, New Enterprise Associates, Holtzbrinck Ventures and ru-Net though.