Idinvest leads $5.5m round for Leetchi.com

This follows a €1.2m series-A round subscribed by Kima Ventures and 360° Capital Partners in November 2010. The same investors had already provided Leetchi.com with €450,000 of seed funding in February 2010.

This latest round will reportedly allow the company to introduce its services in the UK and Germany. Leetchi.com also plans to launch a new B2C service.

Company
Founded in 2009, Leetchi.com is an online payment application allowing a group of users to collect and manage money, in order to pay for group gifts for instance.

Once their money is pooled, users can directly make a purchase on Leetchi's partner sites, including FNAC.com and Pixmania.com, at no cost. They can also withdraw the full amount, with Leetchi taking a 4% commission.

Based in Paris, Leetchi.com currently employs 13 people.

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