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Klik & Pay acquires Paymill

Update On :06 July 2016

 Klik & Pay acquires Paymill

Paymill, the German payment provider has been acquired by Swiss payment service provider Klik & Pay. The German company was founded in Munich in 2012 . It raised to 16.5 million euros in order to be the European answer to US payment service company Stripe. Just as its American inspiration, Paymill offers its customers the ability to accept credit card and debit card payments online.

Paymill announced that it made the decision to go for a preliminary insolvency, as it was in advanced negotiations about a merger and acquisition. Back then founder Mark Henkel said it was an emotional period. Now his company has been acquired by Klik & Pay and he will remain on board.

News Source From : http://ecommercenews.eu/swiss-payment-service-provider-klik-pay-acquires-paymill/

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