FinTech + France = a winning combination. While financial services continues to be one of our most active sectors at Seedcamp, the wave of exceptional entrepreneurial talent emerging from France is also a trend that shows no signs of slowing down.
Just six months after leading their initial €1.2M round, we’re very excited to double down on our support in Alfred and Samuel, co-founders of Yavin, to supercharge their in-store payment platform and accelerate international development alongside New Wave.
Founded in 2020, Yavin has been reinventing the in-store payment experience for local businesses. Co-founders Samuel Manassé (CEO), former CEO of SumUp challenger Smile&Pay, and Alfred Bourély (CTO) created Yavin to empower SMBs and help merchants get the best service, at the best price, while keeping freedom and control. With its no-commitment transparent offer, Yavin wants to free local shops from hidden fees and lock-in contracts of banks. For a monthly subscription fee, merchants can accept all payments (including contactless, QR-codes, crypto, pay-in-3, etc.), connect Yavin to their existing PoS system, and benefit from competitive transaction fees.
Samuel Manassé, CEO and Co-founder of Yavin, comments: “Merchants were forced to use outdated solutions for years. At Yavin, we are building with our customers and partners the in-store payment solution they have been waiting for. Payment will evolve enormously over the next few years. We will be at the side of merchants, so they can benefit from the next revolution”.
Yavin launched its first offer in France, bringing on board 1,000 retailers in just a few months. With this additional funding, Yavin will develop new features for businesses and integrate with all leading in-store tools while also strengthening its international presence, starting with Europe.
A payment terminal with a marketplace of services
Yavin’s terminals are based on new-gen Android devices, which will rapidly replace the historical fleet of traditional card readers. Just like with a smartphone, merchants can install a full suite of apps directly on their terminal (payment, loyalty apps, PoS tools, etc.).
“Our open architecture enables third-party software publishers to develop applications directly on Yavin payment terminals. We have an ever-growing list of partners and will eventually integrate with all the best solutions on the market” Alfred Bourély, CTO of Yavin, explains.
Helping merchants put their customers first
Yavin manages all the technical aspects of payment, so merchants can provide the best experience to their customers. Beyond payment, Yavin offers a personalized customer-experience platform for businesses to get closer to their customers. Among others, Yavin enables retailers to:
- Accept all payment methods: cards (Visa, Mastercard, American Express, etc.), contactless, mobile (Google Pay, Apple Pay, etc.), QR codes (Lydia, AliPay, etc.).
- Go paperless and send e-receipts to their customers by email or text.
- Implement marketing scenarios: promote their social media accounts, ask for Google/TripAdvisor reviews on terminal, etc.
- Monitor customer and transaction data in a detailed real-time back-office.
- Connect Yavin with their favorite in-store tools (loyalty, PoS software, neobanks, accounting, etc.).
Far from being a simple service provider, Yavin is positioned as a partner to merchants, working hand in hand with businesses to meet their needs. We are excited to see their solution grow as they bring more merchants on board and give them the freedoms to build their businesses their own way.
For more information visit https://yavin.com/.