Payworks pins down series B investment

Feb 15, 2018 • Callum Cyrus

Visa and Commerzbank both featured in a $14.5m round for Payworks that will help meet demand for its cloud-based payment processing software.

Germany-based payment processing platform developer Payworks completed a $14.5m series B round on Wednesday that included payment services provider Visa and financial services firm Commerzbank.

Venture capital firm Speedinvest and fintech-focused company builder Finparx also took part in the round. Commerzbank participated through its strategic investment vehicle, CommerzVentures.

Founded in 2012, Payworks markets a cloud-based software platform called Pulse that allows point-of-sale (POS) system providers to integrate payment options into their products more easily.

The company also offers a customisable…

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