Payleven, the digital payment solutions provider from Rocket Internet, is seeing its bid for expansion into Europe gather steam. The digital payment company is making strong inroads into the European market giving it an edge over rival, Square when it decides to take the plunge.
Currently available in the UK, Germany, Netherlands, Poland and Italy, Payleven is also expanding its business in other regions. With its fast paced growth the digital payments solutions provider is gaining great traction amongst investors with a recent announcement revealing that a number of investors have pumped in a high single digit million dollars in funding for the company.
Rocket Internet does not normally reveal the names or identities of its investors to the public and hasn’t done so in this case either. The new investment comes just a few months after a number of European companies put in a huge investment into Payleven.
Payleven is quickly making its mark on the European digital payments market thanks to the launch of its innovative new chip and PIN solution which has been welcomed by merchants across the continent while it was also the first such service available on the European continent.
The new investment and strong growth in Europe will help Payleven to keep well ahead of its biggest rival Square making it hard for the North American digital payments giant to make a significant impact when it does decide to enter Europe.
Investor interest in the company is expected to grow and it will be no surprise to hear further cash injections being put into Payleven in the near future.
Source: TNW
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