German payments company StarTec acquired by competitor Heidelpay

StarTec, a payments firm from Hamburg, has been acquired by Heidelberg-based Heidelpay for an undisclosed amount. StarTec provides cashless point-of-sale (POS) solutions and will be integrated into the Heidelpay portfolio of online and offline payment services. The deal is the first step in Heidelpay’s ongoing consolidation strategy, said the company, which is backed by private […]

POS service provider Gastrofix raises €8 million from Radeberger brewers

Germany’s Gastrofix, a cloud-based POS service for the hospitality sector, has announced an €8 million Series B round from brewery giant Radeberger Group. According to Gastrofix, it manages over €2 billion in turnover for its customers annually. It plans to use this new injection of money to expand in the German market as well as […]

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

SumUp, a British-German mobile point-of-sale startup, is today announcing its expansion to Scandinavia for the first time, launching in Sweden. That is notably where iZettle, arguably its main competitor in the space in Europe, was conceived. Stockholm-based iZettle recently raised a sizeable €60 million round to pursue further growth, while SumUp brought its total capital […]