OptioPay, a Berlin, Germany-based payment solution software for marketing payouts, raised €7m in seed funding.
Backers included DVH Ventures, Nord LB, main incubator, Berlin Ventures, Auden, etc.
The company intends to use the funds to continue to expand operations.
Co-founded by COO Oliver Easter and CEO Marcus Börner, OptioPay is advancing a payment solution for companies to convert payments, such as payroll, payouts in insurance and other monetary claims to products, services or vouchers from established vendors with increased value for final recipients (employees, customers, etc.).
The platform is already in the market with contracts signed with more than 100 brands and suppliers such as Adidas, Zalando, banks, insurance, aviation and railway companies.