Bnpl Payment Startup Alma Raises Another $130 Million Round

Company

About

The company has closed a $130 million Series C round (€115 million). The company has partnered with 6,000 merchants so that they offer more flexibility for expensive purchases. But the company also offers different plans. It doesn’t charge late payment fees as the company thinks it isn’t aligned with the consumers’ interests. Some companies, such as PayPal, have dropped late fees on BNPL installments. At some point during the first half of 2022, the company will let you generate virtual cards to pay in multiple installments everywhere. The startup works with Alain Afflelou, Etam, Galeries Lafayette, Printemps and Ankorstore. The company recently expanded to other markets. Finally, Alma has a payment option that lets you buy something and pay 15 or 30 days later.