Leetchi, the European social payments pioneer completes a €4 million capital raising led by Idinvest, while previous investor 360 Capital Partners also participated in the financing.

Since the launch of the service in 2010, Leetchi has developed a comprehensive payment API to offer a secure and user friendly web-based solution allowing users to share bills online for gifts, charitable donations, and other group related activity such as holidays. With over 30% month-on-month viral growth in transaction volume in the last 12 months, Leetchi is scaling fast in France and the company now intends to expand into other key European markets.