Paymill, The Samwer Stripe Clone, Raises $13M From Serial Rocket Internet Backer Holtzbrinck Ventures And New Investor Sunstone
Paymill, the Rocket-Internet incubated online payments company that works like developer-friendly Stripe by offering users an API to quickly integrate card transactions, is today announcing that it has picked up €10 million ($13.2 million) in funding. Rocket regular Holtzbrinck Ventures participated, along with new investor Sunstone Capital, a backer of companies like Prezi and Trunk. Rocket has confirmed that this is the first time Sunstone has invested in a Rocket-backed company. The Rocket Internet spokesperson also tells me that to date, Paymill, which is active in 34 countries, has now raised funding in the region of “double digit million euros” — although, as is par for the course with many of the Samwer’s businesses, we don’t have an exact figure yet. Other investors in Paymill are Rocket Internet and RI Digital (another Rocket vehicle). Paymill says it will be using the money to further expand its footprint in Europe and elsewhere, as well as further develop its technology. ...
Congress Must Allow More STEM Visas Today
Editor's note: Michael Beckerman is President and CEO of The Internet Association, a new policy lobby representing Google, Amazon, and Facebook, among many web-based technology companies. This piece, in support of the STEM Jobs Act currently being considered by Congress, is their first public policy statement. Highly skilled and talented people are a powerful source of new innovation and job creation, and Internet companies across America know first- hand that immigrants create jobs, build companies, invent new products and services and push the U.S. economy forward in a critically important way.