Anglo-German mobile payments company Payleven has secured funding of “high single digit” millions of dollars from backers.

Much like Square, Payleven’s technology turns smartphones and tablets into card terminals, allowing small businesses to accept card payments, regardless of their location. The Payleven system works by connecting a card reader to mobile devices via Bluetooth.

The company said it will use the money to continue its strong growth in Europe and South America.

“We want to remain innovative, develop our product and accelerate the growth of our merchant base,” said co-founder and CMO Konstantin Wolff.

The majority of the investment comes from an unnamed new backer that joins New Enterprise Associates, Holtzbrinck Ventures, ru-Net and Rocket Internet, who all invested in the company last summer.