Mobile payments startup Payleven secures $10 million, bringing total raised to $51 million

Germany-based mobile point-of-sales (mPOS) startup payleven is today announcing a fresh $10 million in funding, bringing total capital raised to $51 million.

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Germany-based mobile point-of-sales (mPOS) startup payleven is today announcing a fresh $10 million in funding, bringing its total capital raised to $51 million.

The mobile payments company, which is duking it out with iZettle and SumUp in Europe, has attracted a new investor to its Series D funding round with the addition of Seventure Partners.

Also chipping are prior backers such as Holtzbrinck Ventures, ru-Net, B Cinque, New Enterprise Associates and MePay.

The new cash will be used to foster payleven’s growth through 'the expansion into new products and the acceleration of customer acquisition'.

Also read:

Payleven strikes deal with American Express for exclusive ‘business bundle’ distribution partnership

Swedish fintech startup iZettle raises €60 million in Series D round

Euro fintech company SumUp raises another €10 million from American Express, Groupon and BBVA

payleven

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