Billhop: Raises €10.5m
- Billhop is a payment service that enables businesses across the EEA to pay their supplier invoices with their credit card
- Offers businesses process and capital efficiencies based on existing credit card infrastructure
- Announces it has raised €10.5 million, led by EQT Ventures with participation from Element Ventures, pending SFSA approval
- The funding will be used to scale aggressively including hiring customer acquisition, and geographical expansion
- Credit cards allow users to benefit from the interest-free credit period until the card statement is due
- This has led to cards becoming the preferred method of payment for consumers globally
