Following this announcement, the newly raised funding round represents an extension to Zaver’s Series A investment. This new addition brought the company a total investment date which stands at USD 30 million.
Zaver represents a Sweden-based fintech company that was developed in order to provide its customers and clients with access to its suite of tools and expertise, aiming to meet their needs, preferences, and demands in an ever-evolving market. This includes the possibility for clients to leverage its Buy Now, Pay Later (BNPL) solution in order to cart funds up to EUR 200,000 (approximately USD 220,000).
In addition, Zaver focused on its ability to process multiple types of transactions and payment methods, across several geographical regions around the world. Through the use of its services, customers will be allowed to benefit from secure, flexible, and efficient payments in-store and online, which enables businesses to boost their sales and increase conversions at the same time.
Moreover, through its partnership with the Nissan Group for direct-to-customer sales in the region of the Nordics, as well as its collaborations with Volkswagen and Porsche, users and clients of the company are expected to have the possibility to purchase a vehicle using its BNPL solution.
The newly announced investment is set to optimise the manner in which Zaver delivers secure and efficient payment solutions, while also focusing on the overall improvement of the risk assessment algorithms. At the same time, according to Yahoo!news, the company prioritised the back-end engineering side of the business, while also remaining compliant with the regulatory requirements and laws of the industry.
Included in the list of investors that took place in Zaver’s Series A funding round were FROS Ventures, Hållbar AB, Hobohm Brothers Equity, JOvB Investments, and MAHR Projects, as well as Skagerak Ventures, and the King.com founders.
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