Berlin – SMP advised fintech Payworks on its latest US$ 14.5 million financing round. The round was led by global payment solutions provider Visa. In addition, CommerzVentures and several existing shareholders including SpeedInvest and Finparx participated in the round.
Payworks is the provider of Pulse, a next generation Point of Sale payment gateway technology. With Pulse, developers of Point of Sale solutions for merchants such as Stripe can quickly and cost-efficiently integrate card payment functionality into their applications, and securely process EMV, contactless and mobile wallet transactions at the Point of Sale.