Silvio Berlusconi Revealed As Payleven Backer

What's Next In Payments®
4:03 PM EDT February 17th, 2013

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.

Topics:
Comments
Also by This Author
What's Hot
B2B Payments
Worldpay Launches e-Commerce Module With Hybris
B2B Payments
Removing Barriers to E-invoicing
B2B Payments
BBVA Compass Creates Transportation Banking Division
B2B Payments
Digital River Extends Its SMB Payments Solution to U.K. Merchants
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
In Depth
Nelms: ‘It’s Card And Free FICO Scores Fueling Discover’s Receivables Growth
Uncategorized
CA Tech Webinar
B2B Payments
Worldpay Launches e-Commerce Module With Hybris
B2B Payments
Removing Barriers to E-invoicing
View All Articles ››