Today’s round brings the total raised to date by Payleven to $51 million, with no valuation being disclosed. This total and the growth round itself may sound like small amounts of money — not least for an e-commerce startup whose margins are thin and based on economies of scale. As a point of comparison, another European rival, iZettle, has raised nearly $245 million; Square before it went public disclosed nearly $600 million in funding. There is definitely an argument — especially these days when you consider Square’s financial situation — for a startup holding down spend, fundraising and valuations, and instead trying to grow slowly and maybe more sensibly. But in any case, a Payleven spokesperson hints there may be another round getting announced soon.

http://techcrunch.com/2016/02/11/mobile-payments-startup-payleven-raises-another-10m/?ncid=rss&utm_source=dlvr.it&utm_medium=twitter