# Leanpay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/leanpay

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.leanpay.com/
- Total disclosed funding: $14M
- Latest round: Series B (Jul 30, 2024)
- Investors on record: 4

## About

Leanpay Ltd, based in the UK, offers a digital platform for Buy Now Pay Later (BNPL) solutions, allowing customers to finance their purchases seamlessly across various European markets.Leanpay Ltd specializes in providing a regulated Buy Now Pay Later (BNPL) model. Founded in 2016 in London, UK, the company has conducted a total of 3 deals, with the most recent deal taking place on July 30, 2024, where they raised EUR 10 million in Series B funding co-led by BlackPeak Capital and Catalyst Romania, alongside participation from South Central Ventures and Lead Ventures. The founders of Leanpay are Janko Medja and Misa Zivic, who also serves as the company's CEO.Leanpay's core offerings are centered around a regulated Buy Now Pay Later (BNPL) model that enables consumers to finance purchases through a fully digital platform. Customers can make payments in 24 or more installments for transaction amounts ranging from €500 to €12,000. The company's responsible lending practices include comprehensive credit and debt-to-income assessments to avoid consumer over-indebtedness. Leanpay operates across several European markets, notably Slovenia, Romania, and Hungary, with over 200 active merchant partners utilizing its services in both online and physical retail environments.In the most recent year, 2023, Leanpay reported a revenue of EUR 802,684.50, with an EBITDA of EUR -64,649.30. The company generates revenue by partnering with retailers, charging transaction fees for completed sales, and potentially earning interest from consumers on installment plans, depending on financing terms.Following its Series B funding of EUR 10 million in July 2024, Leanpay plans to enhance its operations in Romania and Hungary, as well as develop new services to meet evolving market needs. The recent capital infusion will support the expansion of their workforce and facilitate the rollout of innovative products aimed to strengthen their market presence in these regions.

## Funding rounds

- Series B, Jul 30, 2024, $11M — South Central Ventures, BlackPeak Capital, Lead Ventures, Catalyst Romania
- Series A, Nov 1, 2021, $3.5M — South Central Ventures, Lead Ventures

## Investors

- South Central Ventures (https://capitalatlas.ai/funds/south-central-ventures) — Series A, Series B
- Lead Ventures (https://capitalatlas.ai/funds/lead-ventures) — Series A, Series B
- BlackPeak Capital (https://capitalatlas.ai/funds/blackpeak-capital) — Series B
- Catalyst Romania (https://capitalatlas.ai/funds/catalyst-romania) — Series B