Paymium Raises €1 Million to Boost Bitcoin Merchant Onboarding
Bitcoin payments services startup Paymium has raised €1m in new seed funding from investors including Newfund and Kima Ventures. Founded in 2011, Paris-based Paymium, while not a marquee name in its sector, has so far garnered notable partnerships with online fashion retailer Showroomprive – then the largest merchant in Europe – and point-of-sale solution provider Ingenico. Despite the success in its home market, however, Paymium president and co-founder Pierre Noizat suggested the funding round was perhaps lower than it would have been if the company had been focused on the US market.....
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Online retailer Showroomprive.com has become the largest European company to start accepting payment in bitcoin. The merchant, which sells a variety of products including clothes, fashion accessories, cosmetics and homeware, is to accept bitcoin via European cryptocurrency company Paymium. Gonzague Grandval, co-founder and CEO of Paymium, labelled the move as a "major event for e-commerce in Europe". He added: "By accepting bitcoin, Showroomprive.com shows its ability to innovate, and we are delighted to support such a prestigious retailer in this process." http://t.co/uCCd5kcobI now....
French bitcoin startup Paymium has been able to raise €1 million in seed funding, which garnered contributions from French venture capital firms Newfund and Kima Ventures. It also drew financial support from Galitt, a payments consultancy and services firm, and a few angel investors. Paymium acts as a bitcoin exchange for buyers and sellers of the cryptocurrency. It also has services for facilitating merchant acceptance for bitcoin payments. Bitcoin Startup Expansion. The new funds will go to the expansion of the company in Europe, as well as research and development efforts. Paymium is....
“By partnering with Ingenico Group, worldwide leader in seamless payment, Paymium reaches a new milestone in the development of Bitcoin. We now allow any European merchant to simply accept payments using the Bitcoin network without risk, since transactions collected in bitcoins are immediately converted to Euros.”-Gonzague Grandval, Paymium co-founder. The partnership will now open up the ability to accept bitcoins for Ingenico’s large merchant base. Europe has been one of the hottest bitcoin markets but wide bitcoin adoption has been missing. This new partnership will allow merchants all....
The third largest bus company in France, Isilines, has started accepting bitcoin as part of a six-month test-run. Isilines is the first company in its sector to accept a cryptocurrency. Partnership with Paymium. To accept bitcoin payments, Isilines has partnered with a French startup, Paymium, an online exchange. Paymium offers merchant processing and....
Bitcoin payments provider Paymium has teamed up to partner with Ingenico, a world leader in the department of payment terminals, and bitcoin is now being added to its list of financial options. EVP global sales and marketing at Ingenico Group Michel Leger expressed his enthusiasm about the partnership, stating: "We are very pleased to partner with Paymium to enrich our dedicated Business Applications Marketplace. This allows us to bring more value to merchants through our terminals, enabling them to offer their customers a new experience." Currently, Ingenico holds 80 offices in more than....