Paymill provides a simple, developer-friendly payments API that enables fast onboarding and secure credit-card and other payment processing for online merchants. The company emphasizes a very simple API, transparent pricing, and comprehensive customer support to differentiate itself. Paymill is active in 34 countries and employs about 25 staff, and it runs pan‑European growth activities including city tours in Amsterdam, Barcelona, Berlin, Budapest and London. Management says it has no plans to enter the U.S. in the near term but does not rule out expansion into Asia and Latin America. Financially, Paymill announced a $5M additional funding injection and previously closed a $13M Series A; press materials state total capital from the named investors is well over €10M. The company plans to use the new investment to optimize its technical platform and customer service and to accelerate growth across its markets. Paymill provides a simple API that lets online stores and service providers accept card payments with fast onboarding and easy integration. The company is active in 34 countries and charges 28 euro cents per transaction plus a one-time fee of 2.95% of the transaction amount. Paymill positions itself as a European counterpart to Stripe, targeting native and web apps and marketplaces. The business was founded in Munich in June 2012 by Mark Henkel and employs about 25 staff. Paymill says it will use new funds to expand its European and international footprint, further develop its technical platform, and enhance customer care. Investors described Paymill as receiving double-digit million-euro financing to date.

Total raised

$18M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2013