Scalapay raises USD 48 mln in seed funding round

The round was led by Fasanara Capital and it also included Baleen Capital and Ithaca Investments.

Customers that choose Scalapay as a checkout option can set up an account in a matter of minutes, and pay with Visa, Mastercard, Amex, or a bank account. The instalments are automatically debited from the customers’ payment method on the due dates.

According to the press release, Scalapay has over 1,000 merchants across France, Italy, and Germany. Customers include merchants such as Decathlon, Calzedonia, Bata, Aosom, and Bricobravo.

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