This market seems to be ready for consolidation and acquisition! Interesting comparison of differences of funding amounts among competitors 50m vs 250 vs 600m
The days of Square clones popping up, everywhere you looked and capitalizing on Square’s conservative approach to global expansion, are long gone. But those startups are not. And today, one of them is announcing a Series D round. Payleven, a mobile payments startup originally incubated in 2012 at Berlin’s Rocket Internet, says it has raised a $10 million growth round from a selection of existing investors — Holtzbrinck Ventures, ru-Net, B Cinque, New Enterprise Associates (NEA) and MePay — as well as new backer Seventure Partners. Today’s round brings the total raised to date by Payleven to $51 million, with no valuation being disclosed.