New Square clone Payleven launches in Europe, filling the square-sized hole in mobile payments across the pond.
The infamous Samwer brothers are at it again and have introduced the world — or at least part of it — to their latest startup clone, Payleven, a mobile payment system available for iOS and Android. Some months back, rumors surfaced that their incubator, Rocket Internet, was working on creating its own version of Square, which it appears it exactly what this new venture is. At the time, it was speculated to be called ZenPay. But now Payleven has launched and taken some very noteworthy funding with it. According to Deustche Startups, NEA (which invests in Lytro and was one of Groupon’s earliest backers), Ru-net, and Holtzbrink Ventures have all invested in Payleven, which is taking Square’s absence in Europe and running with it.
Read more: http://www.digitaltrends.com/mobile/rocket-internet-launches-payleven-a-square-clone/#ixzz1yuDUHqDx
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