LAVEGO AG

LAVEGO AG is a German finance startup founded in 2003. The company specializes in processing card payments throughout Europe at point-of-sale locations, with a particular focus on petrol stations and unattended terminals. Their expertise extends to electric vehicle charging solutions. LAVEGO AG operates as a girocard network operator and payment institution. They have made significant strides in broadening their acceptance of national card systems beyond girocard to include Cartes Bancaires (France) and Bancontact (Belgium). The company's open payment platform, "PaySphere," allows for real-time information provision to partners and customers alike. Their emphasis on modern solutions and real-time transaction data aligns with the demands of the evolving payment ecosystem. Furthermore, LAVEGO AG's terminal application, certified according to the nexo protocol standards, seamlessly integrates into the PaySphere platform. In terms of investment, the company received a $428.00K Series A investment on 21 October 2007. The funding was provided by BayBG VENTURE CAPITAL. LAVEGO AG's dedication to software development and operational excellence is evident as more than half of its employees are devoted to these functions, ensuring agility and a rapid response to emerging needs. Overall, LAVEGO AG's stronghold in the European cashless payment industry, coupled with its strategic focus on technological innovation and expansion, positions the company as a promising player in the finance startup landscape.