Truffle Capital has invested in Smile&Pay to answer the mobile payment terminal market also known as "mPos", which represents 800,000 professionals and small merchants in France. This solution makes it possible to accept card payments without commitment from a bank for a fixed fee, unlike the traditional offer of banks, whose fees are too high and their contracts too binding for small French companies.
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Synoptical view
- First investment date
- 2011
Management team
Nicolas de Labarre
CEO
Renaud Dutreil
Chairman
In summary
In addition to being fast and reliable, the Smile & Pay application is also very easy to use. It is compatible with smartphones and tablets running on iOS7, Android 4.1 and newer versions. The application connects directly to these different devices via Bluetooth. In no time at all, a receipt is sent by SMS to the customer via the Smile & Pay application. Not to mention that it records the history of transactions. As a result, it is impossible to misplace receipts.
In video
They talk about it
The needs in this sector are considerable and are increasing rapidly with the expansion of microenterprises. Thanks to the Smile&Pay offer, nearly 800,000 entrepreneurs and companies could benefit from this tool in the long term and thus offer the holders of France's 63 million bank cards new opportunities for use.
By simplifying the acceptance of credit card payments, this solution promotes the integration of self-employed entrepreneurs and freelancers into formal economic channels, completely independent of any bank account or mobile subscription", said Bernard-Louis Roques, co-founder and CEO of Truffle Capital.
