Leanpay, a Slovenia-based Buy-Now-Pay-Later (BNPL) and point-of-sale lending platform, announced it has secured €10M in its Series B funding round. This investment strengthens Leanpay’s position in the financial technology sector, enabling it to expand its services across Central and Eastern Europe. The company aims to utilize the funds to enhance its market presence and innovate within the BNPL space.
In previous reports, Leanpay demonstrated significant growth with a 2.5 times revenue increase last year and a fourfold growth since its Series A funding round. Unlike other BNPL platforms, Leanpay focuses on responsible lending, catering to a niche market with innovative solutions. These strategies have contributed to its rapid expansion and solidified its standing among digital consumer lending platforms.
The Series B funding round was spearheaded by BlackPeak Capital and Catalyst Romania Fund II, with support from existing investors South Central Ventures and Lead Ventures. As part of the investment, BlackPeak Capital’s Managing Partner, Niklas Pichler, will join Leanpay’s board to assist in strategic decision-making.
“The shift in consumer behaviour towards flexible payment methods like BNPL is increasingly influencing daily life for all generations as well as reshaping the e-commerce landscape, being pivotal for both businesses and customers alike.”
Capital Utilisation
Leanpay plans to use the investment to expand its operations in Romania and Hungary, roll out new services, and attract top talent. According to Leanpay co-founder and CEO, Misa Zivic, this funding validates the team’s efforts and commitment to providing an exceptional user experience.
“It will enable us to solidify our market leadership in Slovenia, scale our operations in Romania and Hungary, continue to roll out innovative services, and attract top talent to our growing team to become the digital consumer lending champion in the Central & Eastern European region.”
An Innovative Installment Payment Solutions Provider
Leanpay positions itself as a pioneer in BNPL 3.0, offering innovative installment payment solutions. The company emphasizes the importance of being a regulated entity and a responsible lender while providing fairly priced loans for purchases of any size. This approach has helped Leanpay attract 120,000 customers and issue over €200M in consumer loans, showcasing remarkable growth since its inception.
Leanpay’s strategy of equipping partners with tools to increase sales, attract customers, and boost order values has proven successful. The company has made significant strides in Romania and Hungary, further demonstrating its potential to lead the BNPL market in Central and Eastern Europe.
The recent funding round marks a pivotal moment for Leanpay, allowing it to scale its operations and continue its growth trajectory. With a focus on responsible lending and an asset-light model, Leanpay is well-positioned to make a significant impact in the BNPL sector. This funding will enable the company to solidify its market leadership and continue to innovate, ensuring sustainable growth and customer satisfaction.
