Silvio Berlusconi Revealed As Payleven Backer

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According to a TechCrunch report, Silvio Berlusconi and his family are likely major investors in the Samwer Brother’s Square-clone Payleven.

Berlusconi, the former Prime Minister of Italy and controlling shareholder of Mediaset, may have contributed to Payleven’s $53.5 million dollar funding round through his B Cinque family investment arm.

Rocket Internet also revealed that Zalando hit net sales of $1.54 billion in 2012, including reaching breakeven points in Germany, Austria and Switzerland.

Read the full story here.