Paymill announces additional funding round amid rumours of Stripe’s global expansion



Today Paymill, the Rocket Internet-operated online payments service strikingly similar to US-based Stripe, has landed €4m in additional funding from new investor Blumberg Capital. This brings the total capital raised to €10m between Blumberg, Holtzbrinck Ventures and Sunstone Capital.

Coincidentally, the announcement comes as rumours surfaced that Stripe may have opened up a UK beta to test out the European markets. While Stripe co-founder Patrick Collision has denied that they’re currently running a UK beta launch, several employees have tweeted about it.

Paymill, which currently operates in 34 countries, allows internet service providers and online shops to accept credit card payments on their websites. The company charges a 2.95 per cent and 28 euro cents transaction fee compared to Stripe’s 2.9 per cent and 30 US cents.

“With the latest investment of Blumberg Capital we want to make another step forward and continue our mission in optimising our technical platform and our customer service. It’s our goal that everyone globally can accept online payments fast and easily,” said Mark Henkel, CEO of Paymill.

The new round of funding will also be used to strengthen its market position, growth and developing new features.

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