OptioPay announced raising €5.25M in strategic investment from Avaloq and LeadX Capital Partners.

OptioPay, a Berlin, Germany-based payment processor company, announced the compeltion of a €5.25M ($6.2M) capital investment raise.

The money was provided by LeadX Capital Partners (part of Metro Group) together with Avaloq, a software and financial services company.

The deal with Avaloq is part of a larger partnership whereas the Swiss company will integrate and distribute the Optiopay product.

Optiopay, founded in 2014 by Marcus Börner and Oliver Oster, developed a product sold as a white label and that is used for payment processing and based on which customers of companies were able to convert their payments into higher-quality shopping vouchers. The company aims to  become an open banking specialist financial technology service provider for customer-centered value-added solutions and advertising based on bank data.

Prior to this round, OptioPay raised about €7 million.