A new rival has emerged for payment service providers: Tinypay,
a Dutch company, is the latest e-commerce service provider – and
the latest rival to more established companies like PayPal.
The company has raised $1mn from Aksoy
Internet Ventures with the aim of expanding globally.
Go deeper with GlobalData
Tinypay is one of the most recent companies to
be taking on PayPal.
Tinypay consumers can share products via the
internet and can receive instant payments directly in their PayPal
accounts.
On 22 August, Electronic Payments
reported that
iZettle, a new payment acceptance provider from Sweden, was
aiming to take on the likes of Square and VeriFone with and
EMV-compliant payments app.
Taner Aksoy, chairman of Aksoy Internet
Ventures said:
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By GlobalData “We are proud to support Tinypay with
our vision and experience as well as funding. As founders of
sahibinden.com, the #1 classifieds and e-commerce platform in
Turkey, we are very excited being
part of this game changing team in e-commerce. We are certain that
Tinypay will be a big hit globally.”
Tinypay is now moving its headquarters to
Silicon Valley and is targeting a global expansion from there.
