French cashless payment startup PayinTech raises €2.5 million

shaheen@tech.eu

French fintech startup PayinTech, a wearable payment solution focusing on the tourism and leisure sector, announced that it has raised €2.5 million. The round was led by Caisse des Dépôts, which invested €2 million, with participation from previous investors Fa Dièse and CapDecisif.

With a contactless chip, PayinTech allows users to pay directly at concerts or events by passing a bracelet or card by a cashier. The startup claims to have over 3.2 users in France and abroad.

PayinTech plans to use the new funding to expand its customer base in France.

Read more: French Web (French)

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.