Scalapay Raises $ 27 Million In Series B Funding for People to Pay In Installments

Paying for things upfront is not always easy, but Scalapay is stepping up to change that. The company is offering users the ability to get the things they want from their favorite stores while paying the purchase off in three installments. There isn’t any interest, either, making it a great choice for those who want something now without paying everything right away. To learn more about Scalapay, check out the article below.

NEW YORK, May 3, 2022 / PRNewswire / – Scalapaya leading European Buy Now – Pay Later provider, today announced a $ 27M USD investment from Poste Italiane, Italy’s largest service infrastructure network and one of the largest payment card issuers in Europe, in a Series B extension.

Scalapay is an innovative payment solution for e-commerce merchants across the globe that allows customers to buy now and pay later, without interest. Their BNPL offerings include three options for customers (Pay in 3, Pay in 4, and Pay Later) in which customers are not required to make any payments upfront, and can instead opt to pay in 3 installments, 4 installments, or entirely after 14 days. They are making the purchasing experience more delightful and easy for customers by lightening the financial impact.

Poste Italiane is Italy’s largest service infrastructure network, providing postal, financial, insurance, payments, telco, and digital services to households, businesses, and public administrations. For 160 years, with 12,800 Post Offices, 122 thousand employees, € 582 billion in total financial assets, and about 35 million customers, Poste Italiane has been an integral part of Italy’s social and productive fabric, unparalleled in terms of size, brand awareness, reach and trust. Through its fully owned subsidiary PostePay, Poste Italiane is the digital services ecosystem of choice in Italy with ca. 29 million payment cards, ca. 28 million financial apps, and ca. 9 million digital wallets.

This funding is an extension of Scalapay’s $ 497M USD Series B fundraising round, which was announced in February 2022. This funding will go towards the continued expansion and development of Scalapay’s world-class team, product development, and brand building. Scalapay is also planning on expanding its executive team and company board. The additional funding brings Scalapay’s total funding to date up to $ 727M USD.

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About Scalapay

Scalapay is an innovative payment solution for e-commerce merchants across the globe that allows customers to buy now and pay later, in three convenient pleasurable installments, without interest. Spreading payments over time allows consumers to choose what they really love, gives them access to the best quality, their favorite brand, or item without impacting their budget. Scalapay’s mission is to provide a global platform that is based on pleasure and better consumption choices.

The original article can be found on PR Newswire.

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