Scalapay
Founded Year
2019Stage
Series B - II | AliveTotal Raised
$727MLast Raised
$27M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-9 points in the past 30 days
About Scalapay
Scalapay is a financial technology company that offers a buy-now-pay-later service that enables customers to make purchases and defer payments through interest-free installments. The company's main service allows consumers to receive their orders immediately while splitting the payment into three monthly installments without interest, which is facilitated through both online and in-store transactions. Scalapay primarily serves the ecommerce industry, as well as brick-and-mortar retailers, by providing a payment solution that aims to increase basket size and conversion rates for merchants. It was founded in 2019 and is based in Milan, Italy.
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ESPs containing Scalapay
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The buy now pay later (BNPL) — B2C payments market offers a flexible payment solution for consumers, allowing shoppers to make purchases and split the cost into multiple installments, typically interest-free. BNPL solutions provide an alternative to traditional credit cards and enable customers to make purchases without upfront payment or the need for a credit check. BNPL solutions typically offer…
Scalapay named as Challenger among 15 other companies, including PayPal, Affirm, and Klarna.
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Research containing Scalapay
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Scalapay in 3 CB Insights research briefs, most recently on May 8, 2024.
May 8, 2024
The embedded banking & payments market map
Expert Collections containing Scalapay
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Scalapay is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,258 items
Digital Lending
2,531 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Latest Scalapay News
Dec 11, 2024
RegTech Analyst Scalapay links with Trustfull to bolster secure payment options across Europe December 11, 2024 Scalapay and Trustfull have announced a partnership aimed at enhancing fraud prevention across Scalapay’s European BNPL operations. Scalapay, a leading BNPL provider based in Milan, offers interest-free instalment payments, enhancing financial accessibility for millions of customers. Trustfull, specialising in Identity Intelligence, provides crucial insights into fraud prevention, distinguishing between legitimate customers and potential fraud risks with its advanced analytics platform. The partnership between Scalapay and Trustfull addresses a growing need for robust fraud prevention mechanisms within the rapidly expanding European BNPL market, valued at $147.6m in 2023 and expected to rise to $272.5m by 2029. This collaboration aims to leverage Trustfull’s innovative platform to proactively identify and mitigate fraud risks, ensuring secure transactions across Scalapay’s extensive merchant network. Scalapay has established itself as a prominent figure in the European financial sector since its inception in 2019. The company is renowned for its commitment to making shopping more affordable through flexible payment solutions, while also prioritising consumer safety and convenience. On the other hand, Trustfull utilises a sophisticated Identity Intelligence engine to analyse a multitude of digital signals, including email addresses, phone numbers, and IP data. This technology enables real-time risk assessment, helping to pinpoint synthetic identities and prevent fraud, thereby maintaining a seamless shopping experience for users. Additional details about the partnership highlight the enhanced security measures being implemented, which are crucial for protecting against sophisticated fraud tactics such as synthetic identity fraud. Both companies are dedicated to improving their fraud prevention capabilities to adapt to evolving threats in the BNPL sector. Ana Milena Fernandez, CRO at Scalapay, commented: “With Trustfull’s technology, we are enhancing our proactive fraud prevention controls within our online applications to keep reducing first payment defaults. This partnership aligns with our goal to provide fast, convenient, and secure payment alternatives to all stakeholders involved, including merchants and end customers.” Marko Maras, CEO of Trustfull, added: “The Trustfull team is looking forward to supporting Scalapay’s mission of making payment flexibility accessible to everyone, without compromising security. Our solutions will empower Scalapay to offer a seamless and secure experience to its customers, all while minimizing risk exposure and protecting the company from potential losses due to fraudulent applications.” Copyright © 2024 RegTech ANalyst
Scalapay Frequently Asked Questions (FAQ)
When was Scalapay founded?
Scalapay was founded in 2019.
Where is Scalapay's headquarters?
Scalapay's headquarters is located at VIA GIUSEPPE MAZZINI, 9, Milan.
What is Scalapay's latest funding round?
Scalapay's latest funding round is Series B - II.
How much did Scalapay raise?
Scalapay raised a total of $727M.
Who are the investors of Scalapay?
Investors of Scalapay include Poste Italiane, Fasanara Capital, Tiger Global Management, Willoughby Capital, Tencent and 8 more.
Who are Scalapay's competitors?
Competitors of Scalapay include PayRight, Sunbit, Younited, Alma, Pledg and 7 more.
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Compare Scalapay to Competitors
Klarna is a financial technology company that provides payment solutions and shopping services. The company offers price comparison, installment payments, and consumer financing for online shopping. Klarna serves the ecommerce industry, providing services to both consumers and retailers. It was founded in 2005 and is based in Stockholm, Sweden.
Alma specializes in payment solutions for the electronic commerce and retail sectors. The company offers services that allow customers to make purchases in installments or defer payments. Its solutions provide guaranteed payments to merchants. The company was founded in 2018 and is based in Paris, France.
Billie specializes in BNPL payment methods for the B2B sector and offers digital payment services. The company's main offerings include modern checkout solutions that enable businesses to pay and get paid on their terms, with features such as upfront payment for sellers and flexible payment terms for buyers. Billie's services cater to a variety of sectors, including e-commerce, telesales, and in-person sales channels. It was founded in 2016 and is based in Berlin, Germany.
PayJoy is a financial service provider that offers smartphone financing with the option to pay in installments and provides cash loans using patented technology that leverages smartphones as digital collateral. The company focuses on providing access to credit for individuals who may not have traditional banking accounts. It was founded in 2015 and is based in San Francisco, California.
Amount specializes in digital origination and decisioning within the financial technology sector. The company offers a platform that facilitates account origination for lenders, integrating decisioning for credit, fraud, and compliance, as well as customer journeys to support the lending process. Amount primarily serves regional and community banks, large commercial banks, and credit unions, providing them with tools for their operations. It was founded in 2014 and is based in Chicago, Illinois.
Jifiti provides embedded lending solutions within the financial services sector. The company has a platform that allows banks, lenders, and merchants to offer consumer and business financing options at points of sale, including online, in-store, and via call centers. Jifiti's platform includes financing options such as installment loans, lines of credit, split payments, and Buy Now, Pay Later services for B2C and B2B customers. It was founded in 2011 and is based in Columbus, Ohio.
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