Paymill receives additional funding from US-based Blumberg Capital

Paymill

Payment service provider Paymill has secured an additional funding of Blumberg Capital, bringing the total capital raised between Blumberg, Sunstone and Holzbrinck well over EUR10m. Paymill facilitates implementation of online credit card payment and other payment procedures in their customers’ online shop platforms.

Mark Henkel, CEO of Paymill: “The strong investment support from Holtzbrinck Ventures, Sunstone Capital emphasised our strong position as a technology leader in the European online payment market. With the latest investment of Blumberg Capital we want to make another step forward and continue our mission in optimizing our technical platform and our customer service. It’s our goal that everyone globally can accept online payments fast and easily.”

“This is an exceptional team going aggressively after an underserved market globally, and we are excited to be part of the team,” said Jon Soberg, Managing Director at Blumberg Capital.

Integration of the service is facilitated for merchants by simple copying and pasting of a few lines of code into the source code of their websites. The service includes providing of payment methods and secure payment processing in the background.

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