Raue LLP has advised Tillhub, a Berlin based start-up which has developed a mobile iPad payment system, on a Series A financing round. Led by Elavon, a wholly owned subsidiary of U.S. Bancorp, the medium sized family of companies Müller Medien, and main incubator, the R&D unit of Commerzbank group, close to 4 million euros have been invested.
For retailers and service providers, Tillhub combines classic payment functions with modern technology, be it for one store or 100+ stores. Well known partners like Fleurop, Epson, Wax in the City or the German Association of Tax Advisers are already convinced of the solution. The financing shall be used for Tillhub’s growth strategy as well as product innovation.
(25 April 2018)