Munchen, Germany
PAYMILL, founded in 2012, is a forward-thinking provider of online payment solutions headquartered in Germany. Targeting the E-Commerce and Fintech sectors, the company positions itself as a key player in the Payments industry.
PAYMILL's value proposition lies in its slogan: "Ihr Anbieter für einfache und sichere Online-Zahlungen." The platform offers an innovative payment solution that supports seamless card transactions via a developer-friendly API, with fast account activation distinguishing it from competitors.
Since launching, PAYMILL has expanded its reach to over 30 countries, processing transactions in more than 100 currencies and offering payouts in 23. The service is compatible with major credit and debit card brands and includes additional payment options like Direct Debit and PayPal.
The business model is transaction-based with no monthly fees and highlights a beautiful REST API supporting subscriptions and recurring payments. PAYMILL's last noted investment was an Acquisition investment by Klik & Pay on 01 July 2016.
