Jumio raises further €25.5 million for its Netswipe webcam card reader solution

The mobile and online payments startup kicks the year off with a bang with funding of $25.5 million on top of the €6.5 million it raised in March 2011 from Facebook co-founder Eduardo Saverin and others.

The company has not yet disclosed the names of the investors nor exactly what they plan to do with the additional capital.

Jumio’s technology, Netswipe, enables e-merchants to process card payments digitally using webcams and smartphone cameras, making payments quicker and simpler than the traditional method of adding in card details.

Jumio was launched in May 2010 by Austrian entrepreneur Daniel Mattes.

Related reading

Leave a comment