PEY closes 300,000 Euro Seed Round

Thanks to its innovative potential, PEY has recently managed to attract reputable investors through a just concluded seed financing round. They have shown support for the Hanoverian startup with an investment of €300,000: "PEY combines two of the fastest growing areas within the FinTech industry: Bitcoin technology and mobile payment systems. This complemented by a startup and exit experienced founding team made for highly interesting investment, " says investor Marc Junker (among others co-founder of mobileview AG and Investor of Smaato Inc).
Other investors include Frank Biedka (formerly Managing Director of Rocket Internet GmbH and Zalando, an investor in doctape, groupon, eDarling and MyVideo), Hartmut A. Borchers (founder / owner multi-media management GmbH - digital marketing for banks, Management Board 533 AG, Managing Director in PEY GmbH), Jürgen Pleteit (CEO of Die Werke GmbH & Co KG), Olav Vier genannt Strawe (co-founder of 4Com GmbH & Co KG) and Tobias Jankowiak (founder / owner Solar Ranch).

PEY's Bitcoin Terminal and App Launched

The 533 AG is proud to present it's latest project: PEY, a bitcoin based payments system that is set to revolutionise the way payments are made at stores, restaurants, cafés...

PEY will be operating under the name "crypto terminal UG (haftungsbeschränkt)" and is registered in Germany. The team started at the end of October 2014 by developing custom hardware and software that got distributed to an ever growing number of merchants around it's headquarters in Hanover. This pilot not only helped build a full-functioning test base, but also to create the longest Bitcoin Boulevard in the world.

More information can be found here