Funding Daily: Fit Pay raises $3.1M to bring payments features to more wearables like the Pebble

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.”

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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.