Rocket Internet’s Paymill Raises $13 Million

Paymill is a company that helps online stores the ability to integrate payment methods into their platforms like credit card payments using an API.  Paymill’s parent company is Rocket Internet.  It is considered a “Stripe clone.”  Investors Holtzbrinck Ventures and Sunstone Capital participated in this 10 million euro ($13 million) in funding round.  Paymill charges 0.28 euros for each transaction and a one-time fee of 2.95% of the total.  This is around the same amount as Stripe.  Paymill is available in 34 countries across Europe and the company plans to use the funding to expand further.  Paymill has around 25 employees and they will increase their count significantly in 2013.  [Source: TNW]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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