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Investment of millions in the payment startup Bluecode

mobile phone with Bluecode app © Bluecode

The investment comes from three investors of risk capital from industry and finance who were not named. The three investors acquired a stake of about thirteen percent of the shares in Bluecode.

Bluecode has defined the ambitious goal of rolling out a separate set of rules for cross-border payment transactions and a tailored technical solution in the European mobile payment market. The Bludecode App is connected to the bank account of the user. In paying, a one-time valid barcode is scanned initiating a direct debit procedure. Starting in 2019, the first banks will integrate the payment system in their Apps. The more than 100 partner banks and savings banks enable Bluecode to access the account in real time and thus obtain part of the transaction fee paid by the retailer. Data remains anonymous at all times. The next step is for Bluecode to go international. In addition to Austria and Germany, the company would like to actively operate in France, Spain and Great Britain.

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