Bertelsmann et al. join series-B round for deal united
Bertelsmann Digital Media Investments, KfW Bankengruppe, High-Tech Gründerfonds (HTGF) and Venture Incubator have invested in a series-B round of finance for payment specialist deal united.
The investors were attracted by the company's products, which provide added value payment methods for all parties participating. The business has doubled its turnover since the previous year.
Deal united is planning to expand its team of employees and will also use the injected capital to support the existing global brand awareness. The concept has already been established in Germany, France, the UK and the US.
Company
Munich-based deal united is an e-commerce company that has developed the alternative payment method PAY.BY.SHOPPING worldwide. Founded in 2008, the service enables customers to pay for products by purchasing a voucher from deal united shopping partners. The firm's partners include Amazon, audible.com, DELL, OTTO, Toys"R"Us and Zalando.
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