Paymium, a Bitcoin market place/payment services provider and Paris Founder Institute Graduate, recently raised 1 Million Euros in funding, according to CoinDesk. This funding was received from investors including Newfund, Kima Ventures, Galitt and a group of business angels.
Founded in 2011 by Gonzague Grandval, Pierre Noizat and David François, Paymium is pioneering Bitcoin services, with several tens of thousands of European customers. Paymium is the first European Bitcoin marketplace compliant with EU regulations on payment services. Paymium also offers solutions for merchants and payment processors allowing them to accept payments in bitcoins, while avoiding currency risks and reducing transaction costs.
With 1 million Euros in funding, Paymium plans to accelerate its growth in Europe and to provide new, innovative functionalities. The focus will be on business development for individuals and e-tailers.
According to Pierre Noizat, President and co-founder of Paymium, they intend to increase their trade volume by five by the end of 2016.
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.”
Paymium also announced the launch of an advanced trading interface for expert users, giving them rapid access to all the market information they need:
- Sharp, elegant graphics, updated in real time;
- Advanced trading capabilities;
- Interface Customization Option;
- Visualization of data from other markets.
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.
With Paymium being the first leading provider of French Bitcoin payment services to be supported by renowned investors, the French Fintech scene looks set to grow over the next few years.
