Slovenia-based Leanpay, a Buy-Now-Pay-Later (BNPL) and point-of-sale lending platform, announced that it has closed its Series B funding round, securing an investment of €10M.
BlackPeak Capital and Catalyst Romania Fund II led the round with support from existing investors South Central Ventures and Budapest-based Lead Ventures.
With this investment, BlackPeak Capital’s Managing Partner, Niklas Pichler, will join Leanpay’s board to help steer the company towards achieving its growth objectives.
Pichler says, “The shift in consumer behaviour towards flexible payment methods like BNPL is increasingly influencing daily life for all generations as well as reshaping the e-commerce landscape, being pivotal for both businesses and customers alike.”
“We are excited to partner with Leanpay, a Slovenian leader in responsible lending and a pioneer in the 3rd generation of BNPL solutions in our region operating an asset-light model. Covering an interesting niche within the BNPL space, we are confident that the company, with our support, will achieve its full potential and make a significant impact on the market.”
Capital utilisation
Leanpay is poised to continue its trajectory as a leading digital consumer lending platform in the Central and Eastern European region. The proceeds will help the company expand its operations in Romania and Hungary, continue rolling out innovative services, and attract top talent to its growing team.
Leanpay co-founder and CEO, Misa Zivic, says, “This investment is a testament to our team’s hard work and commitment to delivering a superior user experience.”
“It will enable us to solidify our market leadership in Slovenia, scale our operations in Romania and Hungary, continue to roll out innovative services, and attract top talent to our growing team to become the digital consumer lending champion in the Central & Eastern European region.”
An innovative installment payment solutions provider
Leanpay, a company that claims to be a pioneer in BNPL 3.0, empowers vendors and consumers with innovative installment payment solutions.
“We believe that the future of BNPL is: i) to be a regulated company, ii) to be a responsible lender, and iii) to finance purchases of any size with fairly priced loans,” says the company.
Leanpay equips partners with tools to boost revenue through increased sales, customer attraction, higher order values, and repeat business.
The company is now making waves in Romania and Hungary, boasting 120,000 customers and over €200M in issued consumer loans. It claims that its growth has been “remarkable”, with revenue increasing 2.5 times last year and a fourfold growth since its Series A round.
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