# xPAY Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xpay-solutions

- Industry: Financial Services
- Headquarters: Munich, Germany
- Website: www.xpay.de
- Total disclosed funding: $7.8M
- Latest round: Series A (Jan 10, 2020)
- Investors on record: 2

## About

xPAY Solutions GmbH is a Munich-based company specializing in online retail of consumer electronics, including document security and organizational products like shredders and credit card holders.Founded in 2016, xPAY Solutions GmbH operates from its headquarters in Munich, Germany. The company specializes in the online retail of consumer electronics and accessories. Denis Raskopoljac serves as both the CEO and founder, previously involved in other ventures. In January 2020, xPAY Solutions raised EUR 7 million in Series A funding from Apeiron Investment Group and Gray Matters Capital, marking its single investment deal to date.xPAY Solutions GmbH specializes in the online retail of a diverse range of consumer electronics and accessories, focusing on products such as credit card holders, shredders, and printing supplies. Their offerings include proprietary items like the Canon PCC-CP400 paper cassette and various credit card cases under The Skandinavian Brand. These products serve end users looking for practical solutions for document security and organization, with a notable distribution presence in Germany and potentially throughout Europe.xPAY Solutions GmbH generates revenue through direct sales to consumers, with a transaction structure that includes both one-time purchases and potential repeat business. Their pricing strategy varies by product; for instance, the Canon paper cassette is priced at EUR 14.79, while shredders range from EUR 102.90 to EUR 219.99. The company operates on a B2C model through the xpay.de platform, offering zero shipping costs on certain products to enhance customer loyalty.The company plans to utilize its recent EUR 7 million in Series A funding to support the launch of new products and expand into new markets. There's no specific information on upcoming product releases, but the focus remains on enhancing their electronic offerings. Additionally, the company aims to explore potential markets beyond Germany, particularly targeting other European regions by the end of 2021.

## Funding rounds

- Series A, Jan 10, 2020, $7.8M — Gray Matters Capital, Apeiron Investment Group

## Investors

- Gray Matters Capital (https://capitalatlas.ai/funds/gray-matters-capital) — Series A
- Apeiron Investment Group (https://capitalatlas.ai/funds/apeiron-investment-group) — Series A