Mobile payment service Fit Pay snagged a $3.1 million seed round led by security company Giesecke & Devrient, the startup announced today.

Fit Pay said its technology “allows wearable device manufacturers to seamlessly add contactless payment capabilities to their products.”

Plug and Play joined the round for the startup, which participated in the Plug and Play Tech Center’s FinTech Accelerator Program in fall 2015.

Fit Pay is launching a campaign next Monday to crowdfund a new payment smartstrap for Pebble Time called Pagaré.


Sign up for Funding Daily: Get the latest funding news in your inbox every weekday.

FitPay offers an entirely new way for transacting payments using any wearable device. It frees consumers from having to carry cash, credit cards or a smartphone by allowing their identity to... All Fit Pay news »

Track Fit Pay's Landscape to stay on top of the industry. Access the entire ecosystem, track innovation & deals. Learn more.