Join us at TNW Conference 2021 for insights into the future of tech →

The heart of tech

This article was published on January 7, 2013


    Paymill payday: Rocket Internet’s Stripe clone lands $13m to support expansion

    Paymill payday: Rocket Internet’s Stripe clone lands $13m to support expansion Image by: Medioimages/Photodisc
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    Paymill, the Stripe clone started by the Samwer brother’s infamous business incubator Rocket Internet, has raised 10 million euros ($13 million) in funding from Holtzbrinck Ventures and Sunstone Capital.

    Paymill basically gives online stores and Internet service providers the ability to integrate common payment methods into their current platforms, particularly card payments, using an API.

    The company charges 0.28 euros for each transaction and a one-time fee of 2.95 percent of the total amount.

    That’s about the same pricing as US counterpart Stripe, although the latter recently made some changes to the way it charges customers.

    Meanwhile, Paymill is already active in 34 countries across Europe and other regions, and has evidently earmarked a portion of the fresh capital to continue its expansion.

    Paymill says it currently employs 25 staff and plans to grow its team significantly in 2013.

    Image credit: Thinkstock