payleven raises $10m investment

Mobile payments firm payleven has closed a Series D funding round and taken a $10m investment. This takes the total they have raised to date to $51m. One of the key new investors is Seventure Partners

Wolfgang Krause of Seventure Partners says: “We are very excited about payleven’s growth. They have demonstrated to be on a clear path to profitability having a positive bottom line in some markets already today. payleven shows that fintech companies can reach scale, highly attractive unit economics and ultimately profitability”.

The new money will be used to develop and grow the company and develop new products and attract new products.

Konstantin Wolff, Co-Founder and Managing Director of payleven said: “We are delighted to have won Seventure Partners’ support and look forward to further grow the business together with them.”

Does anyone use payleven? It would be good to hear about any experiences.