A year after the Russian mobile payment startup 2Can closed 1,7 million Euro round, it showed 500 times revenue growth and a subsequent injection of 3,6 million Euro from the existing (Almaz Capital, InVenture Partners) and new investors (ESN Group). The number of transactions completed with help of the 2Can mobile terminals has seen 200-fold increase.
The company provides a mobile payment terminal similar to those offered by Square. The list of competitors of 2Can on the Russian market is rather long. It includes LifePay, iPay (that since its launch in 2012 switched to optical card scanning), SumUp, Pay-Me, SimplePay, ibox, paybyway and rbkcard.
In his interview to Firrma Alexey Soloviev, managing director of Prostor Capital commented on the deal by saying that 2Can is one of the few independent players on the market that gives the company flexibility in testing various business models, while growing fast on the market that includes over 2 million SMEs.
