Scalapay S.R.L. Asset Profile

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Year established

2019

Location

Milan Italy

Primary Industry

Financial Services

About

Based in Milan, Italy, and founded in 2019 by co-founder Johnny Mitrevski and Simone Mancini, Scalapay Limited operates as a buy-now-pay-later (BNPL) platform that allows customers to purchase and pay it in three installments of the same amount with zero interest. In May 2022, Scalapay S.R.L. raised USD 27 million in Series B funding led by Poste Italiane. The company offers a payment method that allows customers to buy online and in-store and allows them to pay via installment. As of September 2021, Scalapay has 1,000 merchants around Europe, including multinational European retailers like Decathlon, Calzedonia, Bata, Aosom, and Bricobravo, and luxury brands such as Alberta Ferretti, Intimissimi, Liu Jo, Luisa Spagnoli, Moschino, MSGM, and Twinset. Scalapay Limited plans to use the January 2021 funding to continue building the platform technology, scale its service in Europe, and start working on efforts to enter the US market. In September 2021, Scalapay will use the September 2021 funding to accelerate international expansion as well as the launch of new products designed to support luxury, fashion, and travel merchants.

Current Investors

Baleen Capital, Ithaca Investment, Fasanara Capital

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Primary Industry

Financial Services

Sub Industries

e-Financial, Web Applications, Accounting/Finance Software

Website

www.scalapay.com

Verticals

E-commerce, FinTech, FinTech, Mobile Apps

Company Stage

Series B

Total Amount Raised

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