Scalapay, founded in 2019 and headquartered in Ireland, is making waves in the Fintech and Payments industries with its innovative Buy Now, Pay Later service. The company’s slogan, "Take your time to enjoy, take your time to pay," encapsulates its customer-centric approach, allowing purchases to be deferred via interest-free installments.
The service is free for customers and has been embraced by over 10,000 brands, both online and in-store. Retailers benefit from higher turnovers, including a 48% increase in the Average Order Value, an 11% boost in conversions, and a 65% repeat purchase rate over three months.
Scalapay continues to attract investor attention, recently securing a $27.00M Series B investment in May 2022, led by Poste Italiane. This funding is a testament to its robust business model and growth potential, indicating promising prospects for further expansion and success in the growing payments sector.