Scalapay, a Milan, Italy-based provider of a third-party payment solution that enables customers to buy now and pay later (BNPL) without interest, raised $48M in seed funding.
The round was led by Fasanara Capital, with participation from Baleen Capital, and Italian Family Office Ithaca Capital.
Co-founded by Simone Mancini and Johnny Mitrevski, Scalapay provides a third-party payment solution that enables customers to buy now and pay later (BNPL) without interest and merchants to grow sales, acquire new customers, and provide a better customer experience. Customers choose Scalapay as a checkout option, set up an account in 2-3 minutes, and pay with a Visa, Mastercard, Amex, or bank account. The installments are automatically debited from the customers payment method on the due dates.
The company already serves over 1,000 merchants across France, Italy and Germany. Customers include merchants such as Decathlon, Calzedonia, Bata, Aosom and Bricobravo.
Joining the co-founders in the team are Raffaele Terrone, CFO, who previously worked as an investment banker at Goldman Sachs, Mirco Mattevi, Head of Product who previously worked at Afterpay and Daniele Tessari, Sales Manager with experience in online & physical retail.