AEVI secures €30m for payment services ecosystem


German payments and added services company AEVI has closed its Series B round at €30m.

The funding comes in the form of a €20m investment made by Dutch investor HPE Growth Capital in May and a fresh €10m from private equity backer Adveq.

The company was launched as a separate entity by Ohio-based technology and services firm Diebold Nixdorf in 2015.

Diebold Nixdorf still holds a majority stake in AEVI alongside the new backers.

The company provides a gateway for secure payment transactions as well as marketplace for B2B services and apps aimed at merchants.

It recently partnered with Australian point of sale technology company Kounta to integrate the two companies’ services into an app for merchants.

AEVI says it will use the funding to develop its portfolio of payment solutions and apps as well as expanding its geographic reach.

Copyright © 2016 FINTECH GLOBAL

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