payleven, a Berlin, Germany-based mobile payments company for small and medium sized businesses, closed its $10m Series D funding.
Backers included new investor Seventure Partners and existing investors Holtzbrinck Ventures, ru-Net, B Cinque, New Enterprise Associates and MePay.
The company, which has raised $51m in total to date, intends to use the funds for expansion into new products and customer acquisition.
Co-founded in 2012 by Konstantin Wolff and Rafael Otero, payleven is a mobile card payments company, providing small and medium-sized
businesses with a secure way to accept debit and credit card payments. The payleven Classic and Plus card-readers (EMV Level 2 and PCI certified) connect via Bluetooth to a free app downloaded to a smartphone or tablet, transforming the device into a payment terminal.
The company, which currently employs over 200 people throughout the United Kingdom, Germany, Spain, France, Austria, Italy, Ireland, the Netherlands, Belgium, Poland and Brazil, also offers the payleven Plus, with contactless payment enabled and tools for business owners to simplify their daily activity, such as sales reporting and the option to email customers their receipts.