Paymill

Germen PayTech with poor customer rating

Paymilll is a German payment processor headquartered in Munich. It was founded in 2012 by the German Mark Henkel. In the first round of financing, the startup raised a total of €18 million. One of the largest investors was the well-known German investment firm Rocket Internet.

Despite the financial support, the founder had to file for insolvency in April 2016 to restructure itself in self-administration. The company was acquired by the Swiss “Klick & Pay” and completely restructured in the same year.

Based on 118 reviews, Paymill has a “Bad” rating of 1.6 stars on Trustpilot.

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Jurisdiction

Germany

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