Limepay raised USD 6 mln to offer retailers control over payment platforms

Monday 18 May 2020 08:26 CET | News

Australia-based fintech Limepay has raised USD 6 million to scale its tech giving ecommerce retailers control over their own payment platforms.

The initiative also aims to disrupt the old guard of buy-now-pay-later. The funding comes from a group of private investors, including the likes of Accor Asia Pacific and Telstra group. Limepay was founded in 2017, and it allows merchants to integrate an online payments platform with their own branding, as well as to add their own buy-now-pay-later functionality if they wish.

SmartCompany reports that Limepay actually closed the funding round before Christmas 2019, long before the COVID-19 pandemic hit full swing in Australia. But, the changing economic landscape actually provides an opportunity for the startup, as merchants would talk about how important their relationships with customers were, and they were onboarding third parties to manage their checkout processes. 

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Keywords: Limepay, COVID-19, retail, coronavirus, pandemic, payments , buy now pay later, ecommerce, brands, startup, merchants, checkout
Categories: Payments & Commerce
Countries: Australia
This article is part of category

Payments & Commerce