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Today in Germany: Billpay, Shop.Co Written by Felicitas Hackmann on 6. February 2017

Billpay is acquired for 70 million euros

The Berlin FinTech Billpay was purchased by Klarna, a Swedish competitor, for 70 million euros (75 million USD), according to a Financial Times report. Billpay, which was backed by Rocket Internet in 2009 and by Wonga, a British company, in 2013, expanded into Swedish and Austrian markets in 2011. Financial Times learned about the acquisition form inside sources close to the deal.
[Gründerszene] (German), [Financial Times] (pay wall) raises 6.25 million euros

The Dusseldorf-based startup raised 6.25 million euros with help from YouPorn founder Fabian Thylmann, MeinFernbus founder Panya Putsathit, the German family office TriPos, five Boston Consulting Group partners and Rotonda, a business angel network. Two German banks, Sparkasse and the NRW, also participated in the round., which was founded in 2014, is still testing its product. Their current idea is to have a universal online shopping cart that works as a browser plugin, which means when shopping you would not have to login into each and every website separately before making a purchase.
[Gründerszene] (German)

Photo credit: ThomasKohler via Visual Hunt / CC BY