PayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments

NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures.The company will use the capital to strengthen its market position in Germany, expand into new markets in Europe and grow its digital payment management platform for the automotive industry, bezahl.de, NX Technologies said in a Wednesday (March 20) press release.The new product development will focus on “enabling automotive players to offer embedded finance products to their customers at the right ...