Zibby, a New York City-based provider of a point-of-sale lease payment solution for online and in-store shopping, secured $150m in financing.
Victory Park Capital provided the debt financing.
Led by Brandon Wright, CEO, Zibby provides retailers with a point of sale, lease payment solution which can be offered to online and in-store consumers who desire a flexible monthly payment option for durable goods but don’t qualify for traditional financing options.
Zibby integrates with retailers online and in-store to allow retailers to grow customers via its option, anytime, in any channel.
The company, which has recently partnered with Sears Outlet, Ghostbed, Curacao and Vyze, also hired Tony Lauro as CFO from Chase PaymentTech. Lauro most recently served as the Chief Financial Officer of JPMorgan Chase Commerce Solutions, where he led a team of 80+ finance professionals across seven locations in the US, Canada and Europe.