# Scalapay S.R.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/scalapay-s-r-l

- Industry: Financial Services
- Headquarters: Milan, Italy
- Website: www.scalapay.com
- Total disclosed funding: $368M
- Latest round: Series B (Feb 23, 2022)
- Investors on record: 9

## About

Based in Milan, Italy, and founded in 2019 by co-founder Johnny Mitrevski and Simone Mancini, Scalapay Limited operates as a buy-now-pay-later (BNPL) platform that allows customers to purchase and pay it in three installments of the same amount with zero interest. In May 2022, Scalapay S.R.L. raised USD 27 million in Series B funding led by Poste Italiane.

The company offers a payment method that allows customers to buy online and in-store and allows them to pay via installment. As of September 2021, Scalapay has 1,000 merchants around Europe, including multinational European retailers like Decathlon, Calzedonia, Bata, Aosom, and Bricobravo, and luxury brands such as Alberta Ferretti, Intimissimi, Liu Jo, Luisa Spagnoli, Moschino, MSGM, and Twinset.

Scalapay Limited plans to use the January 2021 funding to continue building the platform technology, scale its service in Europe, and start working on efforts to enter the US market. In September 2021, Scalapay will use the September 2021 funding to accelerate international expansion as well as the launch of new products designed to support luxury, fashion, and travel merchants.

## Funding rounds

- Series B, Feb 23, 2022, $213M — Tiger Global Management, Tencent Investment, Deimos Ventures, Moore Capital Management, Willoughby Capital, Fasanara Capital
- Series A, Sep 9, 2021, $155M — Tiger Global Management, Baleen Capital, Woodson Capital Management, Ithaca Investment, Fasanara Capital

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series B
- Baleen Capital — Series A
- Woodson Capital Management (https://capitalatlas.ai/funds/woodson-capital-management) — Series A
- Ithaca Investment — Series A
- Fasanara Capital — Series A, Series B
- Tencent Investment — Series B
- Deimos Ventures — Series B
- Moore Capital Management — Series B
- Willoughby Capital — Series B