Traxpay Takes $4M From Earlybird, Wants To Be The PayPal Of B2B Online Payments
The online and mobile payments markets have seen a number of disruptions -- from slashing fees for processing to turning mobile handsets into card processing devices -- but many of those efforts have been aimed at the consumer segment. Today, Traxpay, a German payments startup focused on online payments in the business-to-business segment, is announcing its own advance in this space: it has raised $4 million in a round led by Earlybird, one of the bigger VCs in the region. Traxpay will use the funds to continue building out its business in Europe and start its expansion to the U.S. later this year, as part of its ambition to become the PayPal of B2B online payments -- a $250 billion market. Separately, the company also announced that it has appointed a new CEO, John Bruggeman, who has previously held senior positions at enterprise software companies?Cadence, Wind River and Mercury Interactive, as well as Netscape.prince johan friso windows 8 logo anguilla gone with the wind michael jordan checkers imbibe