2can (Smartfin), a Moscow, Russia-based mobile payments startup, recently raised $5m in Series B financing.
Backers included InVenture Partners, Almaz Capital Partners and ESN Group.
The company, which has now raised $7.3m, intends to use the funds to increase market, integrate with banks in the country under the direction of white label and further develop the service.
Launched in September 2012 by Nikolay Zhmurenko, CEO, 2can provides an Android and iOS mobile app and a card reader, which turns a smartphone into a terminal for accepting Visa and MasterCard payment cards. Its processing platform has a safety certificate PCI-DSS Level1.
2can partners with PSB, Russian Standard Bank, Raiffeisen Bank, Opening, Yandex.