Revel Systems has raised another $1.2 million in funding to expand their iPad point-of-sale business into Europe.
After landing $100 million in funding only last month, the company will use this latest grant from Invest Northern Ireland to open an office in Belfast. From there, the company will continue to expand its business in the UK and the rest of Europe, where it already has smaller offices in London and Vilnius, Lithuania, as well as another outpost in Australia.
As it moves to expand its business in Europe ahead of the holiday sales rush and a potential IPO, Revel will have to compete with PayPal’s here, iZettle, Rocket Internet’s Payleven and Sage for a place in the European market. It may also have to battle Square, which has just turned on its Register app globally, but is yet to release its card reader outside the US.
But there ought to still be space for Revel, even in a competitive market. There are 21.6 million SMBs in Europe, not counting businesses in the financial sector. This works out to 99 out of every 100 businesses, a report published by the European Commission in October noted.
“We are excited to help European merchants take their businesses to the next level and are looking for dynamic leaders with real entrepreneurial spirit who can continually look for new creative solutions to meet customers’ needs,” said Lisa Falzone, co-founder and CEO of Revel Systems.
Metromile has just landed nearly $200m in Series D funding for its auto insurance payments platform.
London fintech startup Curve has picked up another $3m in funding to replace all the different payment cards in your wallet with just one.
Signifyd, the company that provides fraud protection for e-commerce businesses, has raised $19m in a funding round with investors including American Express Ventures, Menlo Ventures and Triple Point Capital.
Fintech will be a key focus for Spotify and iZettle-backer Northzone as it announces a brand new €300m venture capital fund to invest in early-stage European startups.