payleven is a company.
payleven has raised $22.0M across 2 funding rounds.
Key people at payleven.
payleven was founded by Alston Zecha (Co-Founder & COO).
payleven has raised $22.0M in total across 2 funding rounds.
payleven was founded by Alston Zecha (Co-Founder & COO).
payleven has raised $22.0M in total across 2 funding rounds.
payleven's investors include Accel, Ambridge Capital, Cometa, Cota Capital, Northzone, Edoardo Bianchi.
payleven is a mobile payments company that provides small and medium-sized businesses (SMBs) and individuals with a secure, cost-effective way to accept card payments using smartphones or tablets turned into card terminals via Bluetooth-connected Chip & PIN readers.[1][2][3] Its products, including the payleven Classic (launched 2012) and payleven Plus (launched 2015 with contactless support), solve the problem of expensive, contract-bound traditional terminals by offering no monthly fees, no lock-ins, transparent pricing (e.g., 2.75% per transaction), and additional tools like sales reporting, emailed receipts, loyalty programs, and telephone payments.[3][4][5] Operating in markets across Europe (e.g., UK, Germany, Netherlands, Italy, Poland, France, Spain) and South America (e.g., Brazil), payleven demonstrated strong growth momentum through multiple funding rounds, expanding from 70 employees in 2013 to over 200 by 2016, and partnerships like with Ingram Micro for distribution.[2][3][5]
payleven was founded in March 2012 in Berlin (with London operations) by mobile payment entrepreneurs Konstantin Wolff and Rafael Otero, alongside co-founders Alston Zecha and Dr. Alexander Zumdieck, drawing from backgrounds in payments (e.g., American Express, MasterCard, Visa) and tech sectors.[2][3] The idea emerged as an alternative to rigid big-business models, pioneering the first internationally available mobile Chip & PIN solution in Continental Europe to meet high Visa security standards for card authentication—unmatched by competitors at the time.[1][2] Early traction came swiftly: launched in Germany, Netherlands, Italy, UK, Poland, and Brazil by 2013; secured initial double-digit million funding in summer 2012, followed by high single-digit millions from investors like New Enterprise Associates (NEA), Holtzbrinck Ventures, ru-Net, and Rocket Internet; and grew to 70 employees amid rapid market expansion.[2]
payleven rode the early 2010s mobile payments wave in Europe and emerging markets, capitalizing on the shift to cashless economies where Chip & PIN was mandatory but underserved for SMBs lacking affordable terminals.[2][4] Timing was ideal post-2012, as smartphones proliferated and Visa pushed secure mobile verification, positioning payleven against Square (US-focused), SumUp, iZettle, and upcoming PayPal—while extending to South America like Brazil for global reach.[2][4] Market forces favoring it included regulatory demands for secure payments, rising SMB digitization, and consumer cashless trends, enabling payleven to democratize acceptance for non-merchants and influence ecosystems via developer tools and loyalty features that boost retention.[4][5][7]
payleven's trajectory points to consolidation in a maturing fintech space, likely through acquisitions (given Rocket Internet backing and competitors like PayPal expanding) or pivots to full fintech suites amid contactless/NFC dominance.[3][4] Trends like super-apps, AI-driven analytics, and embedded finance will shape it, potentially evolving from payments pioneer to comprehensive SMB platform influencing Europe's fragmented mPOS market. As the original "smarter way to get paid," its security-first innovation cements a lasting role in empowering underserved merchants globally.[1][2]
Key people at payleven.
payleven has raised $22.0M across 2 funding rounds. Most recently, it raised $10.0M Series D in February 2016.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2016 | $10.0M Series D | Accel, Ambridge Capital, Cometa, Cota Capital, Northzone, Edoardo Bianchi | |
| Apr 1, 2015 | $12.0M Series C | Accel, Ambridge Capital, Cometa, Cota Capital, Northzone, Edoardo Bianchi |
