ChargeAfter, a Tel Aviv-based global network that enables retailers to match their consumers with credit and financing offers, raised $8M in Series A funding.
The round was led by Propel Venture Partners with participation from Pico Venture Partners, the Plug and Play accelerator and Synchrony.
The company intends to use the funds to grow its US-based presence with the hiring of sales and marketing industry veterans, R&D developers, a second office located in Sunnyvale, California and to further expand the network of merchants and lenders.
Led by founder and CEO Meidad Sharon, ChargeAfter provides a financing platform that allows retailers to offer consumers personalized financing options at checkout from multiple lenders. The platform allows consumers across the credit-rating spectrum to instantly “apply and buy” with point-of-sale financing at a participating merchant.
On the backend, retailers use one platform to process and manage transactions from all lenders, with a dashboard that filters charges according to channel, lender, and country.
The company has offices in New York, and Sunnyvale.