Fasanara Capital leads $48m round for Scalapay

Baleen Capital and Italian family office Ithaca Investments also took part in the funding round.

The company plans to use the fresh financing to consolidate its market position and further expand across Europe.

Company
Scalapay facilitates instalment payments for online merchants and customers.

The company breaks up payments into three instalments with zero interest, helping merchants increase sales and acquire new customers.

Scalapay has recently signed a partnership with Raisin Bank, a pan-European banking-as-a-service provider that offers customised products to a large variety of clients, including fintech companies, family offices and investment firms.

Scalapay serves 1,000 merchants and retailers across France, Italy and Germany, including Decathlon, Calzedonia, Bata, Aosom and Bricobravo.

People
Scalapay – Simone Mancini (co-founder, CEO).
Fasanara Capital – Francesco Filia (CEO).
Baleen Capital – Fang Li (managing partner).

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