Another interesting fact Payleven will be revealing later today: it has secured a “double-digit million euro” funding round from several global VC firms, including New Enterprise Associates, Holtzbrinck Ventures and ru-Net.
Currently, the company says it employs around 70 people in Germany, the UK and other international markets.
Like Square and its European rival, Sweden-based iZettle, Payleven enables merchants to easily and rapidly accept card payments with tablets or smartphones running iOS or Android with an app + card reader.
Currently, Payleven works with Mastercard and local bank cards in the Netherlands and Germany. The company asserts that accepting VISA and American Express credit cards will be possible with the launch of Chip & PIN devices “in a few weeks”.
Payleven co-founder Dr. Alexander Zumdieck comments on the current status of the business in its home country Germany:
“The first six weeks have been very successful for payleven. We are rapidly approaching round 1,000 partner merchants in our Berlin test market. Now we are expanding this success on a national and international scale.”
As I mentioned earlier, Rocket Internet is one hella fast-moving cloner.