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Scalapay, Now A Unicorn, Raises $497M Series B And Enters The Checkout Market

Scalapay, Now A Unicorn, Raises $497M Series B And Enters The Checkout Market

02/23/22, 7:00 AM
Money raised
$497 million
Round Type
series b
Scalapay, Southern Europe's leading payment solution that enables customers to buy now and pay later (BNPL) without interest, today announced that it has raised $497M in Series B investment funding. The round was led by Tencent and Willoughby Capital, with participation from Tiger Global, Gangwal, Moore Capital, Deimos, and Fasanara Capital.

Company Info

Company
Scalapay
Additional Info
The company has raised over $700M in funding to date. Scalapay was founded by Simone Mancini and Johnny Mitrevski in 2019. Scalapay, now a unicorn, raises $497M Series BScalapay is an innovative payment solution for e-commerce merchants across the globe that allows customers to buy now and pay later, without interest. I knew Scalapay was a winner when I saw the merchant and consumer experiences that perfectly delivered value to both sides of the two-sided network in Southern Europe," said Amit Jhawar.