Payworks GmbH has raised $14.5 million in a series B financing round that drew investors such as CommerzVentures GmbH, Visa Inc., Speedinvest GmbH and Finparx.

The recent financing brings Payworks' total funding to $19 million. Proceeds will be used to to drive global growth and scale, focusing on increasing its research and development and product teams across offices in Munich, New York, London, and Barcelona, Spain.

FT Partners served as the exclusive strategic and financial adviser to Payworks.

Payworks provides point-of-sale payment gateway technology.