Russian Mobile Payments Startup 2Can Raises $5M Series B
April 01, 2014
Russian mobile payments company 2Can has attracted $5 million in a Series B financing round led by InVenture Partners and joined by Almaz Capital Partners and ESN Group. Similarly to Square, 2Can offers a secure mobile terminal that can receive card payments via swiping or magnetic reading. The latest round brings 2Can's total funding thus far to $7.3 million, and will be used to increase the company's market share under its own brand, integrate with leading banks and further develop the technical aspects of the technology.