# Quadpay

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

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.quadpay.com
- Total disclosed funding: $10M
- Latest round: Series A (May 1, 2020)
- Investors on record: 3

## About

Quadpay, Inc. is a financial technology company offering a buy now, pay later (BNPL) service, enabling consumers to make purchases with flexible installment payments. Its platform facilitates online and in-store transactions, aiming to enhance consumer spending flexibility.Quadpay, Inc., founded in 2017 and headquartered in New York, US, specializes in providing a BNPL service that allows consumers to make purchases and pay for them in four installments. The company has completed 4 deals, with the most recent deal occurring on September 24, 2020. Quadpay raised USD 200 mn in VENTURE DEBT funding from investors Goldman Sachs Merchant Banking Division and Oaktree Capital Management, bringing its total amount raised to USD 10 mn. Brad Lindenberg serves as both the Founder and CEO of the company.Quadpay, Inc. offers a BNPL service that enables consumers to make purchases both online and in-store, allowing them to pay in four manageable installments. This service addresses immediate financial constraints, providing consumers with flexibility in spending. Users can authorize purchase amounts through the Quadpay app, which generates a virtual card for transactions. Targeting primarily US consumers, Quadpay caters to a diverse range of payment needs across categories such as travel, groceries, and retail shopping.Quadpay generates revenue through transaction fees related to its installment payment plans. When consumers use Quadpay's service, they typically pay an initial installment along with a small startup fee, followed by subsequent payments over the agreed period. This B2C transaction model allows Quadpay to capitalize on consumer demand for flexible payment options, establishing partnerships with various retailers that facilitate these purchases.In September 2020, Quadpay raised USD 200 mn in venture debt funding to support its strategic growth initiatives. The company plans to enhance its product offerings and expand into new markets. Specific geographic regions targeted for expansion have not been detailed, but the funding will likely facilitate further development of its platform and increase market reach.

## Funding rounds

- Series A, May 1, 2020 — Zip Co Limited, Regal Funds Management
- Seed, May 1, 2018, $10M — Global Founders Capital

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Zip Co Limited — Series A
- Regal Funds Management — Series A