Scalapay is an innovative payment method for ecommerce merchants in Europe that allows customers to buy now and pay later, in three convenient installments, without interest.
Scalapay gives online shoppers an ability to buy now and pay by three convenient installments of the same amount, without any interest.
Scalapay was foundedin Italy in 2019 by Simone Mancini and Johnny Mitrevski. The company is headquartered in Dublin, Ireland, with offices in Milan, Paris, Munich, and NSW, Australia.
Scalapay is the first product in an exciting roadmap to help merchants solve these problems and offer their customers a better experience. Scalapay currently provides retailers the opportunity to increase sales without risk while paying the seller immediately and in full upfront.
Scalapay's service is based around being tightly integrated with online retailers’ check-out process and offering users an interest-free, three-installment way to pay for anything they purchase. It now works with 3,000 merchants in Europe.
Scalapay is backed by Tiger Global, Baleen Capital, Woodson Capital, Fasanara Capital Ithaca Investments, and others. The company raised $155M in a Series A round on Sep 09, 2021. This brings Scalapay's total funding to $203.1M to date. The new round valued the company at $700M post-money.