Paymill raises USD5m for online payment solutions

E-commerce developer Paymill has secured USD5m in funding in a round led by Blumberg Capital (reports StrategyEye). The investment follows USD13m in Series A financing that the start-up raised from Holzbrinck and Sunstone in January. Based in Germany, Paymill operates across 34 countries and offers businesses a payment solution they can use to process card transactions on their websites.

CEO Mark Henkel says the funding round arose as its Series A investment was oversubscribed. Henkel says the startup has no plans to move into the American market, but is considering Asia and Latin America. 

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