We got an exclusive look at the pitch deck deck buy now pay later startup Scalapay used to raise a massive $48 million seed round
Summary List Placement Buy now pay later is one of the fastest growing sectors in fintech and its surge shows little sign of abating.
Last year was a record year for funding in the sector, with $1.5 billion raised globally according to CB Insights. Now 2021 is kicking off with a chunky $48 million seed funding round for Italy's Scalapay.
Like other buy now pay later providers, online shoppers can pick Scalapay as an option at checkout on e-commerce sites. Users set up an account and then pay through a debit card, Amex, or bank account. Customers are informed of the repayment window and installments are automatically debited on the due dates.
The concept is simple but increasingly popular. By 2025, buy now pay later volumes in Europe are predicted to hit $357 billion, constituting nearly half of the entire global estimate, and 30% of all estimated e-commerce spend, according to research by Kaleido Intelligence .
"The popularity of buy now pay later really shocked us and that demand really led to us gaining...
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