Payleven, The Rocket-Fueled Square-Clone, Opens In UK, Netherlands, Brazil; Confirms Double-Digit Round

Rocket Internet, the incubator/investment vehicle from the Samwer brothers, is known to move fast: Today, news comes that Payeleven, its recently outed Square-clone, has opened its doors in the UK, Netherlands, Poland and Brazil, in addition to its existing operation in native Germany. That looks like the beginnings of a pretty ambitious international expansion plan and will certainly keep European rivals?iZettle?and SumUp on its toes, along with the UK's?mPowa,?given the Samwers' reputation for aggressive execution. Meanwhile, Jack Dorsey's Square is yet to launch this side of the pond. As?noted last month, Payleven reportedly raised??tens of millions? of euros in funding from New Enterprise Associates, Holtzbrinck Ventures and the Russian VC ru-net. Today, the company finally confirms that is indeed the case, describing the size of the round only as in the "double digit million euro" region.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/8_p4JPW8BiQ/

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