Our investment in Yavin’s €5M round for its smart payment terminal
FinTech + France = a winning combination. While financial services continues to be one of our most active sectors at Seedcamp, the wave of exceptional entrepreneurial talent emerging from France is also a trend that shows no signs of slowing down.
Just six months after leading their initial €1.2M round, we’re very excited to double down on our support in Alfred and Samuel, co-founders of Yavin, to supercharge their in-store payment platform and accelerate international development.
Founded in 2020, Yavin has been reinventing the in-store payment experience for local businesses. Co-founders Samuel Manassé (CEO), former CEO of SumUp challenger Smile&Pay, and Alfred Bourély (CTO) created Yavin to empower SMBs and help merchants get the best service, at the best price, while keeping freedom and control. With its no-commitment transparent offer, Yavin wants to free local shops from hidden fees and lock-in contracts of banks. For a monthly subscription fee, merchants can accept all payments (including contactless, QR-codes, crypto, pay-in-3, etc.), connect Yavin to their existing PoS system, and benefit from competitive transaction fees.
Samuel Manassé, CEO and Co-founder of Yavin, comments: “Merchants were forced to use outdated solutions for years. At Yavin, we are building with our customers and partners the in-store payment solution they have been waiting for. Payment will evolve enormously over the next few years. We will be at the side of merchants, so they can benefit from the next revolution”.
Yavin launched its first offer in France, bringing (Read more...)