Judo Payments Secures $5M For Its Mobile-Focused Card Processing Platform

If there's one thing we know, it's that the mobile payment space is exploding. European players in this space include Monitise, Paddle, ValidSoft and left-of-field startups like Droplet. However despite operating in the UK since July last year it wasn't known how one of the newer arrivals, Judo Payments, was backed. Founder/CEO Dennis Jones says that it launched with an initial US$5M seed round. Terms were undisclosed but it's understood the round was led by a New York based private investor which previously backed Euroffice and PaymentSense, both UK startups. The startup has now come out of a year long beta with some 2,500 merchants on their platform who pay on a subscription basis.

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