The Deal payleven, the leading mobile payments company for small and medium sized businesses, announced today the close of its Series D funding round of USD 10m as well as the expansion of its investor portfolio with Seventure Partners. IEG - Investment Banking Group has advised the team of payleven during the whole process as exclusive financial advisor.
The Client payleven is the leading mobile card payments company, providing small and medium-sized businesses with a cost-effective and 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 the free payleven app downloaded to a smartphone or tablet, seamlessly transforming the device into a payment terminal.
The Perspective The funding will be used to foster payleven’s growth through the expansion into new products and the acceleration of customer acquisition. Konstantin Wolff, Founder and CEO at payleven states about the Series D: "We are very proud to have gained Seventure Partners as a new investor and we are looking forward to drive growth of payleven with passion and ambition [Translated from German]."