Skeps, a New York-based global Point-Of-Sale (POS) financial technology company company, raised $9.5m in Series A funding.
The round was led by Bertelsmann India Investments with participation from Accel.
The company intends to use the funds to expand the sales, marketing, engineering, and product teams, grow their merchant and lender client base, and broaden services offered to their customers.
Founded in 2018 and led by Tushar Srivastava, CEO, Skeps provides a cloud-based modular platform, used by merchants and lenders to help identify the potential credit solutions for their customers with the likelihood of conversion. The platform allow merchants to offer financing options ranging from Pay-in-4 to longer-term loans with a single integration. Banks can use Skeps as their answer to branded BNPL platforms or grow their unsecured lending portfolio.
The company also has offices in India.