Jusp builds a proprietary mobile point-of-sale device that uses Chip&Pin and connects via the audio jack to iOS and Android smartphones and tablets. The company sells its reader for €39 per unit and charges a 2.7% merchant fee on transactions. Jusp positions its pricing below competitors (iZettle’s Chip & PIN costs €49 with a 2.75% fee; Payleven is €49). The product avoids Apple licensing fees by using the audio jack and emphasizes Chip&Pin over signature-based approaches. Leadership includes founders Jacopo Vanetti (CTO) and Giuseppe Saponaro (COO) with Stefano Calderano as CEO and Roberto Mazzei (Principia sgr) as chairman. Jusp has stated plans to expand into other European countries.

Total raised

$6M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2013