Yavin raised €1.2 million in capital funding from Seedcamp.

Yavin, a Paris, France-based startup developing instore payment terminals, announced that it raised €1.2 million ($1.4M) in capital funding.

The money was raised from investors led by Seedcamp and a range of angel investors from France including Kima Ventures, Arthur Waller (Pennylane), Pierre-Antoine Dusoulier (iBanFirst), Thibaud Elzière (eFounders) or Renaud Visage (Eventbrite).

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). The company says it currently has more than 500 customer merchants and manages tens of millions of euros in transactions per year.