ChargeAfter, a NYC-based Purchase Now Pay Later (BNPL) client financing community, raised $44M in Collection B funding.
The spherical was led by The Phoenix, with participation from international banking giants Citi Ventures (Citigroup), Banco Bradesco, MUFG (Mitsubishi UFJ Monetary Group), and current traders. The brand new funding follows a strategic funding and partnership with Visa, bringing the corporate’s complete quantity raised to $60m.
The corporate intends to make use of the funds to proceed to increase operations and its enterprise attain.
Led by Meidad Sharon, CEO, and founder, ChargeAfter supplies customers with accountable, accredited financing gives from a number of lenders with a single software, and white-labeled BNPL platform companies for international banks and monetary establishments.
With dozens of pre-integrated international financing lenders and banks already on the platform, ChargeAfter gives customers accredited and personalised client financing from a number of lenders by way of a single, fast software, wherever they store. With the distribution of credit score streamlined right into a single platform, retailers can implement its BNPL providing each on-line and in-store. The corporate additionally supplies international banks, acquirers, monetary establishments, and strategic companions with a completely branded white label BNPL platform. The community supplies retailers and companies entry to financing companions throughout the full-credit spectrum with BNPL merchandise akin to card-based installments, break up pay, lengthy and short-term installments, 0% APR financing, revolving credit score, B2B financing, lease to personal, and extra, in a single integration.
Headquartered in New York, ChargeAfter has workplaces in New York, California, and Tel Aviv.
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