Scalapay raises $155M at a $700M valuation as buy-now, pay-later services continue to boom

Scalapay raises $155M at a $700M valuation as buy-now, pay-later services continue to boom

2 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/09/09/scalapay-raises-155m-at-a-700m-valuation-as-buy-now-pay-later-services-continue-to-boom/

Scalapay, a buy-now, pay-later (BNPL) technology provider that has made significant headway with retailers and consumers in Europe and in categories like fashion, has closed a round of funding that it will be using to fuel its expansion ambitions. The startup has raised $155 million at a $700 million valuation.

Tiger Global is leading this round, with new backers Baleen Capital and Woodson Capital also participating, alongside Fasanara Capital and Ithaca Investments, which had backed Scalapay in its previous $48 million round earlier this year. (Scalapay has now raised $203 million in total.)