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Missed payments don't faze new buy now/pay later lenders

Missed payments don't faze new buy now/pay later lenders
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BNPL player Scalapay raises $48m

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BNPL player Scalapay raises $48m
29 January 2021
3
Scalapay, a third-party payments outfit that lets customers buy, now, pay later, has raised $48 million in a seed funding round led by Fasanara Capital.
Baleen Capital and Italian Family Office Ithaca Investments joined the round for Scalapay, which has built a platform that breaks up payments into three instalments with zero interest.
Customers choose Scalapay as a checkout option, set up an account in a couple of minutes, and pay with a Visa, Mastercard, Amex, or bank account. The installments are automatically debited from the customer s payment method on the due dates. ....

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PITCH DECK: Scalapay raises $48 million seed round

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Scalapay, a fintech startup in the buy now pay later space, has raised $48 million in seed funding.
Founded in 2019, Scalapay will use the capital to expand its offering across Western Europe.
By 2025, buy now pay later volumes in Europe are predicted to hit $357 billion amid a boom in consumer usage.
Buy now pay later is one of the fastest growing sectors in fintech and its surge shows little sign of abating. ....

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Scalapay raises $48M to scale its buy now, pay later service in Europe – TechCrunch

Scalapay raises $48M to scale its buy now, pay later service in Europe
Buy now, pay later services which let consumers finance the purchase of goods online by paying back the total in installments over time have been growing in ubiquity this past year. Today, Scalapay, one of the companies that’s building a platform to enable buy now, pay later (BNPL) and related features, has raised a round to boost its position in the race for customers against competitors like Klarna, Afterpay and Affirm.
The Milan, Italy-based startup has picked up $48 million in funding, money that it will use to continue building the tech in its platform, scaling its service in Europe, and to begin working on efforts to break into the U.S. ....

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