With funding from Newfund, Kima Ventures, Galitt and a group of business angels, Paymium closes a financing round to accelerate its European expansion. Paymium, Bitcoin market place and Bitcoin payments services provider, plans to use the funds to accelerate its growth in Europe and to provide new, innovative functionalities. The focus will be on business development for individuals and e-tailers. "We intend to increase our trade volume by five by the end of 2016. In addition, the interest of Blockchain technology, on which Bitcoin grows, is now widely recognized by the banking sector. This paves the way to new applications in the field of digital trust and payments, "says Pierre Noizat, President and co-founder of Paymium. Paymium also announced the launch of an advanced trading interface for expert users, giving them rapid access to all the market information they need: In addition, the company has introduced a new service enabling its customers to send money by mail in euros or bitcoins, without fees, throughout Europe. This illustrates the dynamism of the French Fintech: Paymium is the first leading provider of French Bitcoin payment services to be supported by renowned investors.
Paymium, a Bitcoin payment service startup, has raised €1m with new funding from Galitt, Newfund, Kima Ventures, and a group of unspecified individuals. Paymium offers solutions for merchants and payment processors by allowing them to accept Bitcoins payments, which allows them to reduce transaction costs. Paymium intends to use the funds to grow its European presence and on business development for individuals and e-tailers.