MENU

Comments Off on French cashless payment startup PayinTech raises €2.5 million Deals, Fintech news, Payment processors/providers/gateways

French cashless payment startup PayinTech raises €2.5 million

By TechInAsia

French fintech startup PayinTech, a wearable payment solution focusing on the tourism and leisure sector, announced that it has raised €2.5 million. The round was led by Caisse des Dépôts, which invested €2 million, with participation from previous investors Fa Dièse and CapDecisif.

With a contactless chip, PayinTech allows users to pay directly at concerts or events by passing a bracelet or card by a cashier. The startup claims to have over 3.2 users in France and abroad.

PayinTech plans to use the new funding to expand its customer base in France.

First appeared at TechInAsia

Comments are closed.