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3V completes EUR5m series b funding round

15 October 2012  |  1242 views  |  0 Source: 3V

3V - The Global Payments Platform Provider - Announce €5m Euro (US$6.5m) Series B to Fund Next Stage of US and European Expansion. Investment led by Atlanta based TTV Capital.

TTV Capital invests in technology-enabled financial services businesses with notable success and bring's a wealth of knowledge and experience in payments to the Company.

3V's existing investors including Balderton Capital and Atlas Ventures also participated in the round.

3V is a recognised pioneer in the development of payment platform technologies designed to allow mobile operators and online retailers offer payment features and functions to customers in an increasingly interconnected world thus helping them decrease costs and create additional revenue opportunities.

They offer a unique integrated approach to payments by combining mobile, card and web based technologies into one solution for both Issuing and Acquiring payment applications. With a suite of functionality that includes real time global P2P transfers, NFC and QR Code Acquiring the Company is well poised to exploit the explosive growth in payments by non financial institutions.

The company currently operates in six countries and delivers solutions for clients such as Telefonica O2, VISA, PayPal and eBay.

Commententing on today's announcement, 3V CEO, Kieron Guilfoyle, said: " This additional funding will allow us to scale our business to meet the growing needs of mobile operators and online retailers as they seek to enter the payments market across the globe. It will also help underpin our position as a leading innovator in payment platform development. 

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