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


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.

Also read:

Mobile point-of-sales startup SumUp expands to Sweden, landing on rival iZettle’s home turf

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

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