ZoodPay BNPL Super app raises USD 38 million

Friday 12 November 2021 09:00 CET | News

Switzerland-based BNPL provider ZoodPay closed Series B funding round with USD 38 million, accelerating its expansion in Iraq.

ZoodPay, the ‘Buy Now, Pay Later’ (BNPL) Super app has completed a USD 38 million Series B fundraising, attracting attention from global investors. London based VC Sturgeon Capital, Zain Group’s venture capital arm ‘Zain Ventures’, and other existing investors joined the funding round.

The ZoodPay & ZoodMall app has around 8 million users and ten offices across the Middle East and Central Asia. The business commits to delivering ‘Swiss quality’ shopping experience and cross-border services to merchants and shoppers across fintech and ecommerce emerging markets such as Iraq, Jordan, Lebanon, Uzbekistan and Kazakhstan.

ZoodPay will utilise the Series B funding to accelerate its growth and expansion in Iraq, stimulating local and cross-border ecommerce transactions through its marketplace and ‘Buy Now, Pay Later’ solutions.

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Keywords: BNPL, expansion, funding, ecommerce, cross-border ecommerce
Categories: Payments & Commerce
Countries: Iraq
This article is part of category

Payments & Commerce