Prime Ventures et al. in €66m series-B for Pagantis

The investment is composed of around €27m in equity and €39m in debt financing.

The company plans to use the fresh capital to further expand internationally, especially in Italy, France and Portugal, and scale up its team.

Previous funding
Prime Ventures led a €11.2m series-A funding round for Pagantis in October 2014.

Company
Founded in 2011 and based in Barcelona with an office in Milan, Pagantis is a fintech startup that specialises in providing financing for e-commerce transactions. The company's algorithm uses big data and machine learning to analyse fraud and credit risk, while its platform, Paga+Tarde, allows consumers to pay for goods and services in monthly payments via an automated process. Pagantis employs 100 staff.

People
Pagantis – Rolf Cederström (CEO, founder).

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• Topics
• Expansion
• Southern Europe
• Financials
• Technology
• Prime Technology Ventures
• Spain
• Venture