Bluecode in a €20 million investment led by the Hopp Family Office.

Bluecode, a Lachen, Switzerland-headquartered developer of a mobile payment solution, announced the completion of a €20 million ($24.2M) investment round.

The money was raised from investors led by the Hopp Family Office (of SAP's founder fame, Dietmar Hopp), and included contributions from othe local family offices from Germany whose name was not disclosed.

Proceeds will be used as the company plans to make its solution available within Germany and Austria.

Bluecode, founded in 2017 by Robin Sahai and led by CEO Christian Pirkner, developed a solution for banks and retailers that is positioned as an alternative to the European growing dependency on non-European payment services, which in retail and e-commerce are mostly processed by American systems.

Customers include banks, mostly Austrian and German, as well as retailers including Rossmann, Globus Group, Konsum, REWE International subsidiaries Billa, Billa Plus and Bipa, and Spar Austria Group.

Bluecode previously raised $12.9M in 2018.