Yavin in a €5 million investment round led by Seedcamp.

Yavin, a Paris, France-based startup developing instore payment terminals, announced that it raised €5 million ($5.6M) in capital funding.

The money was raised from investors led by Seedcamp and joined by New Wave and angel investors.

Yavin, founded in 2019 by Alfred Bourély and CEO Samuel Manassé, developed point-of-sale payment terminals for retailers as an alternative to traditional bank products. The solution is an Android payment terminal combined with a service marketplace, designed to integrate with classic cash register software and neo-banks, allowing a range of means of payment, such as restaurant vouchers (Swile, Restoflash) or even QR codes (Lydia, AliPay). For a monthly subscription fee, merchants can accept all payments (including contactless, QR-codes, crypto, pay-in-3, etc.), connect Yavin to their existing PoS system, and benefit from competitive transaction fees.

The company says it works with around 1000 retailers.

Yavin previously raised €1.2 million in the summer of 2021.