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…
