Payleven Receives Funding for European Expansion

A report in Deutsche Startups reveals that European mobile payment service Payleven has received tens of millions of euros from New Enterprise Associates, Holtzbrinck Ventures and the Russian VC ru-net.

Payleven is already operating in Germany (Eurocard) and Brazil (AmEx, Diners’ Club, MasterCard and Visa).

According to VatorNews, Payleven has the opportunity to grow a strong base before any US mobile payment company companies expand overseas, especially considering that Square has not entered the international market yet.

Read the full story here.

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